F. A. Hayek and Bloggers

This fits in very nicely with complex adaptive systems, emergent phenomena, dynamism, and so on.

TCS: Tech Central Station - Hayek Smiled: Why Blogging Works

If Nobel Prize winning economist F.A. Hayek had been watching last week as bloggers spontaneously responded to fraudulent documents aired by the program "60 Minutes", he would've grinned in humble satisfaction. Hayek's work centered on the effectiveness of spontaneous, decentralized organization, which is precisely what occurred on PowerlineBlog on September 9th.  Regardless of the political consequences of the Killian Memo controversy, Hayek's work has been vindicated and his critics undermined.

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Hayek's work focused on how it is that complicated and reliable systems of cooperation come about without any centralized direction. When they do, they outperform systems of "command", systems that rely on central direction.

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Hayek theorized that markets worked better primarily because of their ability to facilitate the use of 'on the spot' knowledge, knowledge that is very unique to a particular person or place. ... Everyone has something he knows more about than just about anyone else, even if that something is as basic as his own car. A command system requires the person with the knowledge to wait on the guy without it. A market system gives the person with knowledge the freedom and power to act on it.

Oh, just read the whole thing. It's good stuff.