Friday, November 11, 2005

BOOKS: Disentangling technology, legal and economic threads

Booking reading update:

In my continuing effort to better understand all sides to the technology sector, I am currently reading this book that covers the Internet bubble and the dynamics that are setting the stage for current and future internet and software business models. This book has a strong “law and economy forces” perspective and details how these disciplines are shaping of the Information Economy. It is well written and gives great insight into the new rules. Below are comments from the publisher on this book.



Digtal Phoenix: Why the Information Economy Collapsed and How It Will Rise Again

by Bruce Abramson

While we were waiting for the Internet to make us rich — back when we thought all we had to do was to buy lottery tickets called dotcom shares — we missed the real story of the information economy. That story, says Bruce Abramson in Digital Phoenix, took place at the intersection of technology, law, and economics. It unfolded through Microsoft's manipulation of software markets, through open source projects like Linux, and through the file-sharing adventures that Napster enabled. Linux and Napster in particular exploited newly enabled business models to make information sharing cheap and easy; both systems met strong opposition from entrenched interests intent on preserving their own profits. These scenarios set the stage for the future of the information economy, a future in which each new technology will threaten powerful incumbents — who will, in turn, fight to retard this dangerous new direction of progress. Disentangling the technological, legal, and economic threads of the story, Abramson argues that the key to the entire information economy — understanding the past and preparing for the future — lies in our approach to intellectual property and idea markets.

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