Wealth of networks

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Wealth of networks

Summary[ edit ] Part 1: The Networked Information Economy[ edit ] Benkler describes the current epoch as a "moment of opportunity" due to the emergence of what he terms the Networked Information Economy NIEa "technological-economic feasibility space" [4] that is the result of the means of producing media becoming more socially accessible.

Benkler states that his methodology in the text is to look at social relations using economics, liberal political theory, and focuses on individual actions in nonmarket relations. Benkler sees communication and information as the most important cultural and economic outputs of advanced economies.

He traces the emergence and development of various communications radio, newspapers, television through the 19th and 20th centuries as functions of increasingly centralized control due to the high cost factor of production, and believes that media was thus produced on an industrial scale. Benkler's term for this is the Industrial information economy.

With the emergence of computers, networks, and increasingly affordable media production outlets, Benkler introduces the concept of the NIE, which sees media access as a form of power, and recognizes decentralized individual actions in said media as a result of the removal of physical and economic constraints to the creation of media.

To Benkler, this is due to a new feasibility space: This results in emerging productions of information that use non-proprietary strategies such as GNU licences and collaborative production formats. Goods[ edit ] The forms of cultural productions — music is an example Benkler uses frequently — are either rival or nonrival.

Rival products decrease as they are used e. Benkler argues that in an age where computers reduce the cost of production, that the equation of innovation-to-rights shifts as well. The declining cost of communication means that in the networked society there are fewer barriers for individual cultural production that are "meaningful" to other users.

Thus, in network economy, "human capacity becomes primary scarce resource". He discusses shared acts of communication utterances, reviews, distribution of information and goods like server space.

Lastly, he draws a contrast to the regulation and rival resource of radio spectrum bandwidth and the sharability of space in a digital commons. The economics of social production[ edit ] Benkler argues here that the networked society allows for the emergence of non-hierarchical groups that are committed to information production.

Open software is one of the ways we can view the emergence of this new form of information production. Benkler details some of the key components of this new economy based not on financial remuneration but on user-involvement, accreditation, and tools that promote collaboration between individuals.

In order to understand why people engage in production aside from financial incentives, Benkler argues that we can distinguish two types of motivation: The Political Economy of Property and Commons[ edit ] In this section, Benkler examines the relationship of individual access to participation in the dissemination and creation of information via communication systems, building on his earlier ideas of commons-based peer production.

He examines the historical emergence of the mass medialooking at the relationship between print and radio and ever-broadening, industrial broadcast models of production which became supported by advertising.

The criticisms of mass media which Benkler brings up include: Benkler moves from this overview and criticism to exploring what this text describes as the potential for networked communications to do: Online encyclopedias such as Wikipedia allow for users to create rather than just consume knowledge and information.

Policies of Freedom at a Moment of Transformation[ edit ] Benkler begins chapter 10 stating two early views on the anticipated social impact the internet would have on the users and their community: Firstly, the internet removed the user from society and allowed the individual to lead a life that was no longer molded by the interactions and experiences of a physical tangible civilisation with others.

He observes that users show enhanced relationships with their close contacts while increasing the numbers of less close contacts with relationships maintained through internet mediated interaction.

He believes this latter change stems from the shift from the one-to-many model of media distribution to a many-to-many model where it is more user centered and controlled. Benkler remarks that the early views were made on the premise that internet communication would replace real world forms communication rather than co-exist alongside it.

He introduces the idea of the networked-individual who govern their own interactions and microcommunity roles in both real and virtual space and dynamically switch between when needed, eventually concluding that the early views were nostalgic and somewhat fatuous.

A definition is offered whereby cultural freedom occupies a position that relates to both political and individual autonomy, but is synonymous with neither.

If there is one book you read this year, it should be this. In addition to book reviews, interviews with Yochai Benkler about The Wealth of Networks have been conducted and published by openDemocracy.

After reading the book, six well-respected scholars several of them founding members of crookedtimbre.“The Wealth Network Review: Get The Facts Before Joining!” written by Mike Marko.

Wealth of networks

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I’ve helped . The Wealth of Networks: How Social Production Transforms Markets and Freedom, by Yochai Benkler. Reformatted for easy reading.

Wealth of networks

The Wealth of Networks: How Social Production Transforms Markets and Freedom by Yochai Benkler, Yale University Press Cable networks and satellite networks varied to some extent, but retained the basic advertiser.

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The Wealth of Networks is an indispensable guide to the political economy of our digitally networked world."—Jack M. Balkin, Professor of Law and Director of the Information Society Project, Yale University.

Read more. About the urbanagricultureinitiative.coms: The Wealth of Networks: How Social Production Transforms Markets and Freedom [Yochai Benkler] on urbanagricultureinitiative.com *FREE* shipping on qualifying offers.

With the radical changes in information production that the Internet has introduced, we stand at an important moment of transition/5(17).

The Wealth of Networks is an indispensable guide to the political economy of our digitally networked world."—Jack M. Balkin, Professor of Law and Director of the Information Society Project, Yale University.

The Wealth of Networks - Wikipedia