A blogged dialogue? Or a dialogic blog?

Nobel laureate Gary Becker and judicial polymath Richard Posner have set up a joint blog in which they will have one posting a week arguing about a significant issue. I’ve been reading and admiring Posner’s stuff for years. This is a really interesting idea. Here’s how they introduce the concept:

“Blogging is a major new social, political, and economic phenomenon. It is a fresh and striking exemplification of Friedrich Hayek’s thesis that knowledge is widely distributed among people and that the challenge to society is to create mechanisms for pooling that knowledge. The powerful mechanism that was the focus of Hayek[base ‘]s work, as as of economists generally, is the price system (the market). The newest mechanism is the ‘blogosphere.’ There are 4 million blogs. The internet enables the instantaneous pooling (and hence correction, refinement, and amplification) of the ideas and opinions, facts and images, reportage and scholarship, generated by bloggers.

We have decided to start a blog that will explore current issues of economics, law, and policy in a dialogic format. Initially we will be posting just once a week, on Mondays. In time we may post more frequently.”