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Gideon Burton

Coase's Penguin: Or, Linux and The Nature of the Firm - 0 views

  • I suggest that we are seeing is the broad and deep emergence of a new, third mode of production in the digitally networked environment. I call this mode "commons-based peer-production," to distinguish it from the property- and contract-based models of firms and markets. 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.
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    A seminal article from Yochai Benkler about changes to economic theory in the digital age.
David Potter

Michael Feldstein - Open Source, Economics, and Higher Education - 0 views

shared by David Potter on 29 Sep 10 - No Cached
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    Summary : Michael Feldstein's contribution to the OSS and OER in Education Series. In this post, he writes about how open source projects work from an economic perspective. Drawing on the work of Nobel Prize-winning economist Ronald Coase and Harvard economics professor Yochai Benkler, he will provide some perspective on how open source projects manage to defy conventional wisdom about economics and self-interested behavior, and gives some questions that universities can ask when considering whether a particular open source software project is likely to be successful.
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