Networks

… economics itself is changing; Thomas Schelling was given this year’s Nobel Prize, in part, for showing that people tend to cooperate a lot more than traditional, rational economic models say they will. In an upcoming book entitled “The Wealth of Networks: How Social Production Transforms Markets and Freedom,” Yale professor Yochai Benkler sees a fundamental break with the past, when people worked in one of two ways: under the orders of managers in big organizations or for themselves, following market cues. Now, says Benkler, “we’re seeing the emergence of a new, third mode of production,” which he calls “the new networked information economy.”

Foroohar, Rana - Learning to Share. In «Issues 2006», Nova Iorque: Newsweek, 2005, p. 41