June 19, 2003

Cool new article by Virginia Postrel (did I just say that?) on corporate vertical disintergration -- it's a Alfred Chandler vs. Richard Langlois knock-down, drag-out over whether or not "the visible hand of managerial coordination [has] replaced the invisible hand of the market". Langlois is a Hayek-inspired market-process economist. Chandler comes out of a business history and management studies background.

UPDATE: The Knowledge Problem has some thoughts on Postrel's article, including this:

The move away from vertical integration is an indication that transacting through markets has gotten easier.

Virginia also has new blogging up, including this request:

My blogroll is woefully out of date. Instead of my usual haphazard update, I'm soliciting reader input. If you read and like a blog that isn't on my current list, please send me an email with the subject line "Blogroll nominee" and explain in a sentence why this site's blogroll should include that blog. Do not nominate your own blog. I'm always happy to hear from bloggers themselves, but this process is designed to elicit input from blog readers. The deadline for nominees is midnight Friday, June 20, Central time.
Posted by Greg Ransom