Digital Phoenix: Why the Information Economy Collapsed and How It Will Rise Again (MIT Press)

Digital Phoenix: Why the Information Economy Collapsed and How It Will Rise Again (MIT Press)

Bruce Abramson


While we have been looking forward to the web to make us wealthy -- again after we proposal all we needed to do used to be to shop for lottery tickets known as dotcom stocks -- we neglected the genuine tale of the data economic system. That tale, says Bruce Abramson in electronic Phoenix, came about on the intersection of expertise, legislation, and economics. It opened up via Microsoft's manipulation of software program markets, via open resource initiatives like Linux, and during the file-sharing adventures that Napster enabled. Linux and Napster specifically exploited newly enabled company types to make details sharing reasonable and straightforward; either platforms met powerful competition from entrenched pursuits cause on retaining their very own gains. those situations set the level for the way forward for the data financial system, a destiny during which each one new expertise will threaten robust incumbents -- who will, in flip, struggle to retard this "dangerous new path" of progress.Disentangling the technological, felony, and financial threads of the tale, Abramson argues that the most important to the total info financial system -- realizing the prior and getting ready for the longer term -- lies in our method of highbrow estate and notion markets. The severe problem of the knowledge age, he says, is to inspire the production and dissemination of principles. After discussing proper concerns in highbrow estate and antitrust legislation, the economics of pageant, and synthetic intelligence and software program engineering, Abramson tells the knowledge economy's formative histories: the Microsoft antitrust trial, the open-source flow, and (in a bankruptcy referred to as "The desktop Ate My Industry") the arrival of electronic song. eventually, he seems towards the long run, interpreting many ways that highbrow estate reform may perhaps strength monetary progress and displaying how the knowledge economic system will reshape the methods we expect approximately enterprise, employment, society, and public coverage -- how the data economic system, in reality, could make us all wealthy, as shoppers and manufacturers, if now not as investors.

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