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April 19, 2006
The new economy--what is it? Is it the digital revolution (ie., fax machines, cellular phones, personal computers, modems, the Internet?) The new class of knowledge workers? The information economy? E-commerce? The dot-com boom, or successful stand-alone Internet businesses such as Amazon.com? Google or eBay? Network connections?

map courtesy of Brad DeLong
Is it the spread of capitalism around the world-with the introduction of global market forces into national economies, freer trade, and widespread deregulation? Or the way that digital technology is creating new companies and new industries before our eyes? Or both together?
I begin to have a go here by starting to engage with Yochai Benkler's recently published The Wealth of Networks: How Social Production Transforms Markets and Freedom (Yale University Press). It's an interesting book.
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Gary - I started on WoN today. It's a hard slog and my first impression was that he could have used a good editor, it's very densely written and a little po-mo I think. But the premise is fascinating so I expect that in about 3 months I'll be able to engage you on it.