Riding Off into the Sunset

| Peter Klein |

Organizations and Markets went live 25 April 2006, ten years ago today. Blogs were the newest and coolest thing. There was no Facebook, Twitter, Instagram, or Snapchat. People communicated by email and (occasionally) by text message. BlackBerry and Nokia dominated the phone market. Nicolai Foss had no gray hair. (OK, he still has none.)

In the first month we had almost 11,000 pageviews; in the first five years we averaged about 500 posts per year and around 300,000 views, 1,000 comments, and too many impassioned, enlightening, and fun exchanges and arguments to count. (Below are some of our all-time most popular posts.) Besides Nicolai, Lasse, Dick, and myself we joined by terrific guest bloggers such as Benito Arruñada, Cliff Grammich, Craig Pirrong, David Gordon, David Gerard, David Hoopes, Glenn McDonald, Chimao Hsieh, Mike Sykuta, Peter Lewin, Randy Westgren, Ross Coff, Joe Mahoney, Scott Masten, Steve Postrel, and Steve Phelan.

Alas, all good things must come to an end. In the last couple of years we noticed our page views, unique visitors, comments, and similar stats trending downward. Partly this reflects the rise of social media, for two reasons: First, posts from O&M and similar blogs are syndicated on Facebook, Twitter, LinkedIn, and other platforms, meaning that readers can view and engage blog content without actually visiting the site itself. Second, and more important, social media sites provide an alternative source of blog content. In 2007, we posted all kinds of stuff on O&M — not only longer, more thoughtful pieces but also conference announcements, pointers to papers, news, gossip, and other items of a more ephemeral nature. Nowadays, people (ourselves included) are more likely to post these items to Facebook or Twitter, which is where people go to read and comment. In any case, for a variety of reasons, our posting frequency has dropped sharply since 2011.

In short, we think the group-blog format is a bit dated. And so, it’s been a great ride, but we’ve decided to hang up our keyboards and move on to other things. The ten-year anniversary is a perfect time to make a change. Seriously, a decade is an eternity in internet time! Many of the group and individual blogs in our original blogroll from 2007 have been mothballed or merged into other sites. (Who even remembers what a “blogroll” is anyway?)

We want to take this opportunity to thank our readers, commenters, guest bloggers, sharers, and even our evil twins. We’ve had a lot of fun doing this, and have learned a huge amount from the O&M community. Kudos to you.

Now, we’re not disappearing entirely. The site will remain live, and our archives of posts and comments stay where they are. (Email me if you find any broken links.) Our Facebook page isn’t going anywhere. And you can connect with us individually through other means. Nicolai posts regularly on Facebook and Twitter; Dick is putting blog posts on his own site; Lasse’s stuff appears on the STOP and other NHH sites; and I post to Facebook, Twitter, and other sites such as the Mises Wire and the SIOE site.

Again, thanks to all of you, and we’ll see you on the interwebs!

Addendum: a selection of our most popular posts, 2006-17:

• Is Math More Precise Than Words?
• Intellectual Property: The New Backlash
• Dilemmas of Formal Economic Theory
• We Need Some Economics of Pomo
• The New Bashing of Economics: The Case of Management Theory
• Physics Envy and All That
• Design Puzzles
• The University of Phoenix and the Economic Organization of Higher Education
• Agency Theory in Management
• Porter’s Five Forces, Updated
• In Praise of the US Auto Industry
• Agency Theory and Intrinsic Motivation
• Summary of Dodd-Frank Act
• Intellectual Steam
• How to Read an Academic Article
• The Era of Laissez-Faire?
• The Value of Steve Jobs
• The Performative Effects of Social Constructionist Professors in Business Schools
• Creative Destruction, Music-Industry Edition
• The Organizational Structure of Al Qaeda
• The Sorry State of Economic Journalism
• Life in the Echo Chamber
• What Is a Firm?
• Perceptions of Opportunities – Part 1
• Rise of the Three-Essays Dissertation
• Ronald Coase (1910-2013)
• Sequestration and the Death of Mainstream Journalism
• Tirole
• What are “Transaction Costs” Anyway?
• Notes on Inequality
• Gary Becker: A Personal Appreciation
• It’s the Economics that Got Small