Thursday, July 16, 2009

Top 25 Econ Blogs

The Wall Street Journal has posted the 25 top Economics blogs, observing that Econ blogs have risen in popularity in the wake of the recession. The article is good, though I am confused by the rankings.

I understand the ranking of originality (though I may not agree with it) but how do they measure Geekiness? Freakonomics receives a score of 1 calculator, while Marginal Revolution gets 5. How does that work when Freakonomics is based on a book almost completely about complex statistical regressions? And as for Readability, if a blog is given 5 reading glasses, does that make it is more or less accessible than a blog with four reading glasses? It seems the most readable blog would require no reading glasses.

...I feel like Andy Rooney.

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Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant. ~Fredrich Hayek in The Constitution of Liberty