June 25th, 2002
Is blogging a fad? Arnold Kling proposes, “at the risk of reverting back to the mathematically masturbatory ways of academic economics” a “simple model” for understanding where value resides in the blogging spectrum. Kling, later in the article: “In the model that I sketched, the blogging system as a whole has value. However, no individual blog is the source of that value. I believe that this collective nature of the benefit of the blogging system is what makes it particularly difficult for an individualized economic model to be successful.” [Blogroot]
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