Welcome to the Blogosphere!
Published by Hanno Kaiser January 17th, 2006 in Law and EconomicsCheck out Truth on the Market, a new blog co-founded by Geoff Manne and others. If the time that Geoff and I spent at Starbucks in DC disagreeing about pretty much everything related to antitrust and economics (such as this, and most certainly that) is any indication, we can look forward to flame wars spirited discussions about stuff that really matters. Here is an excerpt from the first post on Truth on the Market:
We have launched this blog to provide the metaphysical subjective truth on abstract, concrete and invisible markets throughout the civilized world (whatever that means). More specifically, as indicated by our current tagline (we know it’s unoriginal; we hope to come up with something better soon) our blog will provide academic commentary on law, business, economics and more. The “moreÇ? will include observations on law school, blogging, being a law prof, smoking bans, payola, legal valuation, football, processed cheese, and calorie counts, among other things.
Hmm, let me see, “metaphysical subjective truth.” Could this also be a blog about the philosophy of Kierkegaard? Seriously, welcome to the Blogosphere, guys!
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I do seem to recall complete agreement, however, that far too many people (including, importantly, people staffing certain administrative agencies) misunderstood the basic fundamental relationship between quantity and price (to set price you must be able to control output).