As the Internet continues to pervade society, the scarcity paradigm that undergirds most modern economic theory is being challenged. Unlike currency, information is non-appropriable, which essentially means that it can be shared without being given away. Today, information no longer moves in one direction, from the top of the enterprise to the bottom or from teacher to student. Instead, it has a social life all its own. Information travels from place to place based on individuals’ desire to interact with it, because they want to make more effective decisions or develop keener insights about a particular situation, or because someone is motivated to learn about a certain topic or how to complete a given task.
All posts tagged Information no longer moves in one direction
Posted by wadatripp on January 10, 2010