Yochai Benkler: Open-source economics

http://www.ted.com Law professor Yochai Benkler explains how collaborative projects like Wikipedia and Linux represent the next stage of human organization. By disrupting traditional economic production, copyright law and established competition, they're paving the way for a new set of economic laws, where empowered individuals are put on a level playing field with industry giants.

Category:

Science & Technology

Tags:

• Yochai
• Benkler
• ted
• tedtalks
• technology
• business
• law
• collaboration
• economics
• social
• change
• wikipedia

[letdowner]

My life before TEDtalks was a waking dream.

[etharooni]

Wow! Another great Ted presentation. Really interesting!

[DrSpooglemon]

"5 minutes. Just because it's interesting"

Beautiful...

[DrSpooglemon]

@DonutAtWork00 But the source material is not owned by anyone. So it IS "non-market" to use your term.

[DonutAtWork00]

The example of open source software as a non-market product is misleading. The software itself is free but there is a big market in servicing the software.

[niyambhushan]

Great talk by Yochai Benkler: Open-source economics, but he should also mention quirky.com among many other 2010+ ideas, which is where his talk leads to.

[dumky]

Many words to say that: computers and internet increase productivity (allows people to achieve their goals for less), this changes the structure of production.

Overall an interesting talk, but the same old economic laws of the market still apply, unlike what the synopsis suggested.

From an economic standpoint, Professor Benkler is confused in his distinction between "Market-based" and "non Market-based". The market is not about money, it is about voluntary transactions.

[DavidAKZ]

@PolliFaxToaster Yeap. How do you maintain quaility. Apache web server s/w is an easier example.