Yochai Benkler has written a very important new book, perhaps the best single volume explaining why phenomena like free and open source software and the Wikipedia work and why they are important and transformative instances of the networked information economy. The “Wealth of Networks” calls to mind Adam’s Smith’s seminal work “The Wealth of Nations”. Inviting the comparison risks a charge of arrogance, but I believe time will be kind in rendering a favorable verdict
There is a wiki which comprises a learning and research environment about the book. PDF’s of the whole book are here. A bulleted version of Chapter 1 for easy on-screen reading is here.
I have created a summary of the first chapter of Wealth of Nations by editing the collaborative summary of the book. I have favored brevity over nuance. Parenthesized examples are my own, not Benkler’s.
Audio of Yochai’s talk at UC Berkeley last Thursday is here.
The central thesis of “The Wealth of Networks” is that a new stage of the information economy is emerging in which decentralized, non-market production of information goods and services will play a major role.
Non-proprietary strategies have always been more common in the production of information goods than in the production of physical goods, e.g., in public education, in the arts and sciences and in political debate. Now it is possible for effective, large-scale, cooperative efforts to play a central role in creation of information and culture, e.g., free and open source software and the Wikipedia.
Part I of the book provides a framework to understand this peer production for what it really is: a new mode that is powerful, efficient, and sustainable.
Part II of this book examines how the networked information economy has an impact on individual freedom, a participatory political system, a critical culture, and social justice,
By removing constraints of the earlier industrial information economy, (e.g., three over-the-air television networks or even five hundred cable channels) with affordances that permit in principle an unlimited number of information sources as on the internet, tradeoffs between these goals of liberal democracies can be lessened.
The networked information economy improves individuals’ capacities in three ways: to do more for and by themselves, in loose affiliation with others in a non-market setting (e.g. Digg) and to cooperate with others through formal or organized groups (e.g. Wikipedia) that operate outside the market sphere.
The networked information economy has also allowed individuals’ greater participation in the public sphere through access to alternatives to the news and commentary of mass media and new and more accessible forms for discussion and debate (Daily Kos).
Third, through both coordinated collective action and loose uncoordinated but coordinate action individuals can affect the content and focus of mass media news and commentary (Rathergate)
The non-proprietary models of production made possible by the networked information society also can be harnessed to promote justice and human development. There are at east two ways in which this happens.
The peer-production model is being used in areas outside of software such as agricultural research, open-source textbooks, and health-related products in ways which show promise to improve economic conditions and basic quality of life in the developing world.
A more critical and self-reflective culture can emerge as the network information economy allows culture to be more transparent and more malleable (remixing).