Coase's Penguin:
The Rise of the Networked Information Economy

By Yochai Bentler, Professor of Law, Yale University, August, 2005

Note: This entry is being copied out of my paper journal, don't have any more information about the source other than I wrote it down in August 2005...

"For decades, we have lived with two major ways in which individuals organise economic production: As employees in firms, following the directions of managers; or as individuals in markets, following price signals... [We are now seeing the] emergence of a new third mode of production in the digitally networked environment - the commons-based peer-production mode.  Its central characteristic is that groups of individuals successfully collaborate on large-scale projects following a diverse cluster of motivational drives and social signals, rather than either market prices or managerial commands."

[Update] Link to original paper now included under References.

Linked From/To

References