Economics Dictionary of Arguments

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Blogs: Blogs are online platforms where individuals or groups share information, opinions, and experiences. See also Social Media, Internet.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Cass R. Sunstein on Blogs - Dictionary of Arguments

I 185
Blogs/Sunstein: the fact that discussions about laws or politics, for example, take place within blogs in a day or an hour raises the question of whether academic journals do not become obsolete.
Richard Posner: Thesis: Blogs are a fresh and striking example for Friedrich Hayek's thesis that knowledge is widely distributed and that it is a challenge for society,...
I 186
... to create mechanisms for bringing this knowledge together.(1)
SunsteinVsPosner: he misses the crucial point. The problems associated with communication, group discussion and group pressure can also be found in blogs (See Communication/Sunstein
, Democracy/Sunstein, Information/Sunstein).
I 187
Blogosphere/Sunstein: it does not work like markets and does not produce prices. It also does not work like open source software and does not produce wikis. Instead, it presents an astonishingly broad spectrum of assertions, opinions, insights, lies, facts, sense and nonsense. Participants usually have no economic incentive, are not involved in any trade and have little to lose or win. They do not lose anything by spreading falsehoods. Perhaps with the grossest falsehoods, they even get the most attention.
You will not find a superblog anywhere, neither in general nor in a special field that would correspond to Wikipedia or Open Source software. In other words, a blog is missing that corrects errors (from other blogs) and collects truths.
I 188
Solution/Sunstein: Bloggers might offer links to blogs with views other than their own. They could thus make "deals" to reciprocal links.
I 189
Blogs have no filters. The only correctives come from the discipline of the ideas market. Bloggers usually link to other related blogs, otherwise links to dissenting opinions are just for amusement.
I 190
Sources are usually only cited from one page at a time.

1. http://www.becker-posner-blog.com/archives/2004/12/introduction_to_1.html.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

Sunstein I
Cass R. Sunstein
Infotopia: How Many Minds Produce Knowledge Oxford 2008

Sunstein II
Cass R. Sunstein
#Republic: Divided Democracy in the Age of Social Media Princeton 2017


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