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
- decentralized
- dimensions
- primary
- system
- 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
- action
- based
- centralized
- decentralized
- dimensions
- divide
- economic
- emergence
- essentially
- expensive
- fact
- firms
- fourth
- framework
- governments
- larger
- market
- organizing
- price
- primary
- production
- social
- society
- system
- transactional
- wanted
- worked