The Wealth of Networks: How Social Production Transforms Markets and Freedom

Description

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.

Review
"'An ambitious attempt to understand how the internet is changing society... The book draws on a staggering array of disciplines: from graph theory to economics, law to political science. But Benkler's breadth is not at the expense of depth. He never falls for easy, superficial conclusions. His writing is clear and readable... This is an important book." Paul Miller, Financial Times Magazine 'New networks offer a glimpse of the new polity and the ancient regime is struggling to prevent its birth. The Wealth of Networks is a reveille for netizens... Few are unaware that this sector is undergoing transformation, and Benkler's identification of major forces at work is important and enlightening.' Paul Duguid, Times Literary Supplement 'That the internet is changing society is understood. Less appreciated is how society is changing the internet. In this respect, Benkler's work masterfully explains the political and economic forces at play, their promises and their threats. Ultimately, his contribution is to shift our view of the network from the individual to the ad-hoc group. For this, his book is of lasting significance.' New Statesman"

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