full transcript

From the Ted Talk by Yochai Benkler: The new open-source economics

Unscramble the Blue Letters

So, essentially what we're seeing is the emergence of a fourth transactional framework. It used to be that there were two pimrray denminisos along which you could divide things. They could be market baesd, or non-market based; they could be deencztrleaid, or centralized. The price system was a market-based and decentralized syetsm. If things worked better because you actually had somebody organizing them, you had firms, if you wanted to be in the market — or you had governments or sometimes larger non-profits in the non-market. It was too expensive to have decentralized social production, to have decentralized action in society. That was not about society itself. That was, in fact, economic.

Open Cloze

So, essentially what we're seeing is the emergence of a fourth transactional framework. It used to be that there were two _______ __________ along which you could divide things. They could be market _____, or non-market based; they could be _____________, or centralized. The price system was a market-based and decentralized ______. If things worked better because you actually had somebody organizing them, you had firms, if you wanted to be in the market — or you had governments or sometimes larger non-profits in the non-market. It was too expensive to have decentralized social production, to have decentralized action in society. That was not about society itself. That was, in fact, economic.

Solution

  1. decentralized
  2. dimensions
  3. primary
  4. system
  5. based

Original Text

So, essentially what we're seeing is the emergence of a fourth transactional framework. It used to be that there were two primary dimensions along which you could divide things. They could be market based, or non-market based; they could be decentralized, or centralized. The price system was a market-based and decentralized system. If things worked better because you actually had somebody organizing them, you had firms, if you wanted to be in the market — or you had governments or sometimes larger non-profits in the non-market. It was too expensive to have decentralized social production, to have decentralized action in society. That was not about society itself. That was, in fact, economic.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
information economy 3
hire people 3
open directory 3
critical innovation 3
social relations 3
social production 2
industrial revolution 2
nec earth 2
earth simulator 2
million users 2
open source 2
source software 2
market share 2
online encyclopedias 2
body image 2
data storage 2
social beings 2

ngrams of length 3

collocation frequency
nec earth simulator 2
open source software 2

Important Words

  1. action
  2. based
  3. centralized
  4. decentralized
  5. dimensions
  6. divide
  7. economic
  8. emergence
  9. essentially
  10. expensive
  11. fact
  12. firms
  13. fourth
  14. framework
  15. governments
  16. larger
  17. market
  18. organizing
  19. price
  20. primary
  21. production
  22. social
  23. society
  24. system
  25. transactional
  26. wanted
  27. worked