In The Wealth Of Networks: How Social Production Transforms Markets And Freedom, Yale law professor Yochai 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.

The Wealth Of Networks: How Social Production Transforms Markets And Freedom
Author: Yochai Benkler
Paperback: 528 pages
Publisher: Yale University Press (May 16, 2006)
Language: English
ISBN: 0300110561