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...question for the past decade was, Is this real?" says Yale law professor Yochai Benkler. "The question for the next half-decade is, How do you make this damned thing work?" Benkler is a leading prophet of today's gift economy, and he fits the part: his bounteous beard resembles Kropotkin's. He was treasurer of a kibbutz, a cooperative farm, in his native Israel. He doesn't mind being called utopian. But neither does Benkler dream of a world without capitalism. Instead, he has become an unlikely business guru, with a shop at the intersection of Commerce and Cooperation...

Author: /time Magazine | Title: Getting Rich off Those Who Work for Free | 2/15/2007 | See Source »

What might those things be? Take the case Benkler makes in his 2006 book, The Wealth of Networks (available, free, at www.benkler.org) for the economic benefits of "peer production" of software and other information products--from journalism to scientific research to videos of people mixing Mentos and Diet Coke. Peer production by people who donate small or large quantities of their time and expertise isn't necessarily great at generating the original and the unique, but it's very good for improving existing products (like software) and bringing together dispersed information (Wikipedia). Often better, in Benkler's telling, than corporations...

Author: /time Magazine | Title: Getting Rich off Those Who Work for Free | 2/15/2007 | See Source »

Clever entrepreneurs and even established companies can profit from this volunteerism--but only if they don't get too greedy. The key, Benkler says, is "managing the marriage of money and nonmoney without making nonmoney feel like a sucker." In software, where IBM and other companies charge billions of dollars to install and run otherwise free Linux systems, this seems to be working--in part because Linux volunteers can make money from their expertise and there's a clear understanding of what one can charge...

Author: /time Magazine | Title: Getting Rich off Those Who Work for Free | 2/15/2007 | See Source »

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