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The Wealth of Networks: How Social Production Transforms Markets and Freedom (2007)
| Citations: | 727 - 5 self |
BibTeX
@MISC{Benkler07thewealth,
author = {Yochai Benkler},
title = {The Wealth of Networks: How Social Production Transforms Markets and Freedom},
year = {2007}
}
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Abstract
This is a visionary book written by a man on a mission. It articulates one possible answer to the question of what might come after the proprietary-based knowledge-based economy that currently exists in advanced countries. Benkler is professor of law at Yale Law School and one of the most ardent proponents of the open source movement and the information commons approach. He argues that a new form of economy might be emerging, i.e. the “networked information economy”, in which nonmarket and nonproprietary commons-based peer production (i.e. “social production”) and exchange of information, knowledge and culture play a central role. This has become feasible because the capital required for social production and exchange in the networked information economy is relatively cheap and widely distributed. Much of the book argues the perceived advantages of the networked information economy from a multi-disciplinary and liberal political perspective, and the numerous threats endangering the realisation of its potential. The incumbents of the existing proprietary-based “industrial information economy”, in particular Hollywood and the
Keyphrases
networked information economy social production transforms market social production possible answer perceived advantage new form numerous threat information common approach open source movement nonproprietary commons-based peer production yale law school visionary book proprietary-based industrial information economy liberal political perspective central role particular hollywood advanced country ardent proponent proprietary-based knowledge-based economy
