Oct 222011

My recent Atlantic review of Yochai Benkler’s new book on cooperation and selfishness is heavy on the assumption that evidence of our lack of selfishness poses a real problem for standard free-market models of human behavior. And it surely does. A couple bits from the review: The Penguin and the Leviathan seeks to dismantle the

Apr 142011
Netflix vs. the market

I wrote a lengthy post last year on how the networked information economy offered potential challenges to the market as the primary form of economic organization. In that post I noted the market’s efficiency at aggregating information through individual preferences and used Netflix of an example of how networks are making information aggregation easier in

Dec 162010
Markets and Networks

Several weeks ago Steven Johnson took to the op-ed page of The New York Times to defend his excellent new book on innovation and to declare “I am not a Communist.”  The question of possible communist sympathies was raised, apparently, on a book tour, in reference to his support of what he dubs “fourth quadrant”