Blogs in spaaaaace
28/03/2012 § 2 Comments
Offsetting Behaviour sends us to an article in The Economist that makes the distinction between having a bunch of blogs and having a blogosphere. The US is more successful with the economics bloggy thing because they all link up to each other — they have a network.
And so, first, a thank you and acknowledgement to the local econobloggers for their on-line and off-line support. Thanks for the links and comments, thanks for the encouragement. Who knows? Maybe one day the discount rate/youth unemployment/interpretation of quarterly statistics/stadium financing problem will be sorted out, and we will smile quietly to ourselves. Or write a post about it.
Secondly, this is a network theory issue. It’s the classic contention that the value of a network is based on the number of connections, as opposed to the number of nodes. There’s a reasonably good lay treatment of this in Beinhocker’s The origin of wealth. The impact of connections was also part of Potts’s The new evolutionary microeconomics. It is interesting seeing the theory working out in practice on the Web. Just to be cantankerous — the theory isn’t totally worked out, yet. It’s the problem of Deleuzian philosophy I discussed earlier.
Finally, it’s helpful to think of it in Lacanian terms of individuals looking to be recognised (in both senses of the word) by other individuals. This is along the lines of Schroeder’s discussion of law and economics. My blog becomes a blog when other blogs link to/recognise it.
As if to prove the blogosphere point, Antidismal offers his take on Eric Crampton’s post. And that’s how you build a network.