Anorak | The Economic Principals Of The Decline Of The Newspaper Trade

The Economic Principals Of The Decline Of The Newspaper Trade

by | 27th, October 2008

DAVID WARSH, proprietor of Economic Principals, explains what’s wrong with newspapers employing professionals and not reporters .

Everyone knows that the newspaper business is shrinking, but the implications haven’t been sufficiently examined. To cope, papers have been eliminating beats, outsourcing coverage, and, in EP’s field, relying increasingly on economists to write rotating columns. Websites such as VoxEU, The Economists’ Voice and Project Syndicate have sprung up to showcase short op-ed-like articles.

It’s all op-ed…

Economists’ blogs, too, have emerged as important sources of commentary and news (and Economics Roundtable to keep track of them). I love economists’ columns and blogs, but not enough attention has been paid to the fundamental differences between them and news.

Economics is a profession; news is a trade . That is to say, economists go to school to learn their business. Those who teach in universities are hired by other economists. They depend only on each other’s

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Posted: 27th, October 2008 | In: News Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink