Facebook

18 August 2008 at 4:50 am 7 comments

| Nicolai Foss |

As you may have noticed — and as Peter points out in daily emails — my blogging activity has been rather light of late.  Part of this is caused by being a department head, a task that has a notorious (and entirely correct) reputation for letting your brain rot. And part of it has been caused by the completion of some major projects.  

I have , however, done the Facebook thing. FB seems to be overcoming its teenage bias, attracting more mature and normal people, such as academics. (Check the group Unlike 99.99% of the Facebook population, I was born in the 1960s). Indeed, I have noticed a very strong FB herd behavior among academics this last month, no doubt prompted by the summer vacation. Quite a number of people of interest to readers of O&M are now on FB (e.g., professors Jackson Nickerson, Nicholas Argyres, Russ Coff, and many others, including O&M’s own Peter Klein), and there are fan groups devoted to Herbert Simon, Michael Porter, Friedrich Hayek, Murray Rothbard, Ludwig Mises, etc. started by students and academics on FB.

I have also noted that fewer of academic friends and acquaintances are using Skype. I conjecture that overall blogging activity — not to mention research and writing activity — has also diminished. Possible conclusion? Blogging is becoming passé and the immediate future belongs to Facebook. Who wants article-like treatments of esoteric subjects, when they can have one-liners about going to the gym, reading, etc.?

More seriously, there are in fact blogging features on FB for those who have more to say to the world than “NN has gone kite surfing.” Indeed, FB combines the features of the homepage with the blog — and introduces even greater possibilities of ego massage than these two (e.g., it is terribly easy to upload pics).

Entry filed under: - Foss -, Ephemera. Tags: .

Econ Academics Blog Public Choice and Austrian Economics

7 Comments Add your own

  • 1. Peter Klein  |  18 August 2008 at 9:01 am

    Um, did you just write “mature and normal people, such as academics”?

    Seriously, you forgot to mention the most important Facebook group of all: the one dedicated to O&M:

    http://www.facebook.com/group.php?gid=7027001287

  • 2. Peter Klein  |  18 August 2008 at 2:08 pm

    Oh, and see also this NY Times piece from a couple of days ago, which focuses on LinkedIn:

    http://www.nytimes.com/2008/08/14/technology/personaltech/14basics.html

  • 3. Nicolai Foss  |  18 August 2008 at 2:15 pm

    Peter,
    Ad your 1st comment: Sorry, I was trying to be ironic.
    Ad 2nd one: I saw the NYT piece. I am amazed that LinkedIn worked for somebody. I have hitherto regarded it as completely useless, and FB as vastly superior. But perhaps FB hasn’t yet overcome the teen connotation to function as a serious job market.

  • 4. capri  |  19 August 2008 at 11:12 am

    The blogging feature on Facebook is called “Notes” and now with the new Facebook it’s easier than ever to blog there. The “Write note” link is sitting there, right on the home page, somewhere above the news feed when you have logged in. All the additional comment areas are a welcome change too.

  • 5. Laurice  |  24 August 2008 at 6:20 am

    And on the subject of ageing and Facebook “Think about whether there should be a cut-off age for Facebook participation. My doubts about being on FB re-surfaced this weekend, starting with an emailed spoof graphic titled “facebook in 50 years” which showed what your facebook profile will look like half a century from now. It’s called pensionbook and among the coolest features are: “poke someone with your walking stick….” http://blogs.thetimes.co.za/somethingtodo/2008/08/24/are-you-too-old-for-facebook/

  • [...] It is true that Facebook is increasingly attracting an “older” audience. [...]

  • 7. Nikolaj Asgeir MacGregor Sadolin  |  25 August 2008 at 10:42 am

    First of all thanks for “Organizations and Markets”. I find It is interesting observations and points you make on Facebook.

    Facebook began (if I remember correct) as a university related website, but has now grown into become a mass market website, and Facebook is today – probably – the first larger interactive internet media, which directly approach (you have your own page) most people of nearly all ages – regardless their occupational profession and geographical locations (opposite websites as MySpace and LinkedIn). And in many ways, Facebook combines fun stuff with serious issues, and people are therefore willing to use it at home, school / work, leisure / holiday, etc.

    However, on long-run Facebook need something more to stay “cool”. It could be an integration with applications from Google (search tool, etc.), Skype (telecommunications) or something similar, and for especially students / professionals / academics, Facebook could make a lot tools better.

    Facebook have nearly the entire world’s universities and research institutions listed in their database, and many of these universities and research institutions already have official groups on Facebook. Facebook could – for instance – make agreements with many of these universities and research institutions (maybe through their publishing houses or books stores), which could give (payment) access to academic working papers, journal articles, books, online tools, conferences, etc.

    When I see fine internet tools, I always get to think about the sad story of Netscape – and their ones famous and widely used internet browser: http://www.holgermetzger.de/Netscape_History.html

    It will therefore be very interesting for all of us to see, if Facebook is only a trend or if Facebook really are really able to continue developing their applications – and thereby stay attractive to us – the users.

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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).

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