blogs, econoblogosphere

More Economics and blogs

I have written about economics and blogs a few times and in the past few weeks there have been a number of other articles and blog posts about the econoblogosphere that I want to share the links for:

… for economists who actively engage the public, it is hard to influence hearts and minds by qualifying one’s analysis and hedging one’s prescriptions. Better to assert one’s knowledge unequivocally, especially if past academic honors certify one’s claims of expertise. This is not an entirely bad approach if it results in sharper public debate. The dark side of such certitude, however, is the way it influences how these economists engage contrary opinions.

In the econonblogosphere Keynes’ famous quote is probably more true than ever:

Practical men who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.