The Wealth of Networks: How Social Production Transforms Markets...

Features

• Cover Type: Hard Cover with 528 pages
• Published by: Yale University Press May 16, 2006
• Written in: English
• ISBN 10 Number: 0300110561
• ISBN 13 Number: 978-0300110562
• Book Dimensions: 9.3 x 6.3 x 1.7 inches
• Weighs: 2 pounds

From Publishers Weekly
In this thick academic book, Yale law professor Benkler offers a comprehensive catalog of flashpoints in the conflict between old and new information creators. In Benkler's view, the new "networked information economy" allows individuals and groups to be more productive than profit-seeking ventures. New types of collaboration, such as Wikipedia or SETI@Home, "offer defined improvements in autonomy, democratic discourse, cultural creation, and justice"-as long as government regulation aimed at protecting old-school information monoliths (such as the Digital Millennium Copyright Act) doesn't succeed. Non-market innovation is a good thing in itself and doesn't even have to threaten entrenched interests, Benkler argues; rather, "social production" can use resources that the industrial information economy leaves behind. Where Benkler excels is in bringing together disparate strands of the new information economy, from the democratization of the newsmedia via blogs to the online effort publicizing weaknesses in Diebold voting machines. Though Benkler doesn't really present any new ideas here, and sometimes draws simplistic distinctions, his defense of the Internet's power to enrich people's lives is often stirring.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Product Review
Siva Vaidhyanathan : "A lucid, powerful, and optimistic account of a revolution in the making."—Siva Vaidhyanathan, author of The Anarchist in the Library





Jack M. Balkin : “A awesome achievement. Yochai Benkler shows us how the Internet enables new commons-based methods for producing goods, remaking culture, and participating in public life. 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 




Bruce Ackerman : "At last a book that confronts the politics and economics of the Internet in a fundamental way, moving beyond the surface of policy debate to reveal the basic structure of the challenges we confront."—Bruce Ackerman, Sterling Professor of Law and Political Science, Yale University




William W. Fisher III : "This deeply researched book documents the fundamental changes in the ways in which we produce and share ideas, information, and entertainment. Then, drawing widely on the literatures of philosophy, economics, and political theory, it shows why these changes should be welcomed, not resisted.  The trends examined, if allowed to continue, will radically alter our lives—and no other scholar describes them so clearly or champions them more effectively than Benkler."—William W. Fisher III, Hale and Dorr Professor of Intellectual Property Law, Harvard University, Director, Berkman Center for Internet and Society




Lawrence Lessig : “In this book, Benkler establishes himself as the leading intellectual of the information age. Profoundly rich in its insight and truth, this work will be the central text for understanding how networks have changed how we understand the world. No work to date has more carefully or convincingly made the case for a fundamental change in how we understand the economy of society.”—Lawrence Lessig, Professor of Law, Stanford Law School




Reader Reviews
Lawrence Lessig could not say enough good things about this book when he spoke at Wikimania 2006 in Boston last week, so I ordered it while listening to him. It arrived today and I dropped everything to go through it. This book could well be the manifesto for 21st Century of Informed Prosperous Democracy. It is a meticulous erudite discussion of why information should not be treated as property, and why the "last mile" should be built by the neighborhood as a commons, "I'll carry your bits if you carry mine." The bottom line of this book, and I will cite some other books briefly, is that democracy and prosperity are both enhanced by shared rather than restricted information. The open commons model is the only one that allows us to harness the distributed intelligence of the Whole Earth, where each individual can made incremental improvements that cascade without restraint to the benefit of all others. As I write this, both the publishing and software industries are in the midst of a "last ditch" defense of copyright and proprietary software. I believe they are destined to fail, and IBM stands out as an innovative company that sees the writing on the wall--see especially IBM's leadership in developing "Services Science." The author has written the authoritative analytic account of the new social and political and financial realities of a networked world with information embedded goods. There have been earlier accounts--for example, the cover story of Business Week on "The Power of Us" with its many accounts of how Lego, for example, received 1,600 free engineering development hours from its engaged customers of all ages. Thomas Stewart's "The Wealth of Knowledge," Barry Carter's "Infinite Wealth," Alvin and Heidi Toffler's most recent "Revolutionary Wealth," all come to the same conclusion: you cannot manage 21st Century information-rich networks with 20th Century industrial control models. Lawrence Lessig says it best when he speaks of the old world as "Read Only" and the new world as "Read-Write" or interactive. His fulsome praise for this author and this book suggest that the era of sharing and voluntary work has come of age. On that note, I wish to observe that those who label the volunteers who craft Wikis including the Wikipedia as "suckers" are completely off-base. The volunteers are the smartest of the smart, the vanguard for a new economy in which bartering and sharing displace centralized financial and industrial control. Indeed, with the localization of energy, water, and agriculture, this book by this author could not be more important or timelier. One final supportive anecdote, this one from the brilliant Michael Eisen, champion of open publishing. He captured the new paradigm perfectly at Wikimania when he likened the current publishing environment as one in which scientists give birth to babies, the publishers play a mid-wifery role, and then claim that as midwives, they have a perpetual right to the babies and will only lease them back to the parents. What a gloriously illuminating analogy this is. I will end by tying this book and this author to C.K. Prahalad's "The Fortune at the Bottom of the Pyramid." That other book focuses on the fact that the five billion poor are actually worth four trillion in disposable income, versus the one billion rich worth one trillion. C.K. Prahalad posits a world in which capitalism stops focusing on making disposable high-end high cost goods, and turns instead to making sustainable low-cost goods. I see the day coming when--the avowed goal of the Wiki Foundation--there is universal free access to all information in all languages all the time. If Marx and his Communist Manifesto were the tipping point for communism, this book is the tipping point for communal moral capitalism. Yochai Benkler is--along with Stewart Brand, Howard Rheingold, Bruce Sterling, Kevin Kelly, Lawrence Lessig, Jimbo Wales, Ward Cunningham, Brewster Kahle, and Cass Sunstein, one of the bright shining lights in our constellation of change makers. He ends his book on an optimistic note. Despite the craven collaboration of the U.S. Congress in extending copyright forever into the distant future, he posits a reversal of all these bad laws (it used to be legal to discriminate against women and people of color) by the combination of cultural, social, economic, and technical forces that have their own imperative. Would that it were so, sooner. Comments (2) | | (Report this)