Sharing isn't new. Giving someone a ride, having a guest in your spare room, running errands for someone, participating in a supper club - these are not revolutionary concepts. What is new in the "sharing economy" is that you are not helping a friend for free; you are providing these services to a stranger for money.
In this book, Arun Sundararajan, an expert on the sharing economy, explains the transition to what he describes as "crowd-based capitalism" - a new way of organizing economic activity that may supplant the traditional corporate-centered model. As peer-to-peer commercial exchange blurs the lines between the personal and the professional, how will the economy, government regulation, what it means to have a job, and our social fabric be affected?
Drawing on extensive research and numerous real-world examples, Sundararajan explains the basics of crowd-based capitalism. He describes the intriguing mix of "gift" and "market" in its transactions, demystifies emerging blockchain technologies, and clarifies the dizzying array of emerging on-demand platforms. He then considers how this new paradigm changes economic growth and the future of work.
©2016 Arun Sundararajan (P)2016 Tantor
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"Relevant & engaging"
This book is accessible to both top-notch-economists and laypeople alike. It was a fascinating listen.
The subject is of such vast economic importance, and yet it's so personal to each of us in the developed world. The emergence and growth of peer-to-peer services in the past few years has been staggering. Economic activity is shifting away from central institutions to services provided by other individuals who have access to goods. The range of services is stunning — you can get a ride, order food, crash on someone's couch, ship an unwieldy object, have your clothes laundered, book a massage therapist, or become a startup investor, all with a few taps on your phone.
As the scope of peer-to-peer markets expands, we're taking economic activity out of institutions. In the established model, most economic activity was controlled by large companies. Now we have a digitally controlled model — a platform that sits btw people who have time, have stuff, or have $, and people who need those things. Loved the discussion on what makes people trust each other enough for these high-stakes interactions, the "digital online reputation circles."
Which brings me to the most interesting aspect of the sharing economy, and of the book — the implications both for regulation & for the workforce. On the one hand, value is captured by people below median income, which is a promise of inclusive growth. On the other hand — well, you should get the book.
"Great book for anyone creating digital apps"
This book is a life changer in so many ways. It connects many of the puzzle pieces together and shows you how they interact. Great book! In the future everyone has value.
"Incredibly dry. Reads like a textbook."
I love Uber, Eatwith, airbnb and every other peer to peer service that disrupts traditional business models but this audio book reads like an encyclopedia. I only got 3 chapters in and had to shut it off and delete it. He just continually references other scholars' opinions and papers and articles on the subject as if he doesn't have his own opinion or perspective. It's like a book report on what everyone else wrote about the sharing economy. Could it have hurt to talk about the evolution of the sharing economy in more of a story-like fashion? If I could give it minus stars I would, but 1 is the lowest option. Stick to teaching.
"The age of crowd control"
Certainly we are seeing big data, and crowd information used, whether it's for funding, sourcing, evaluating, servicing and everything else.
It is clear that crowd intelligence is superior to the old fashioned experts, and the large internet companies are using this information to enrich themselves.
The question is will this continue in a society where the rich get richer leaving everyone else behind. This book raises some thought provoking questions about Web 2.0 or what the author calls the sharing economy.
Highly recommended as a starting point to understand the type of revolution we are currently undergoing. I appreciate the authors honesty in admitting the difficulty in predicting what will come next.
"Good. Offers more beyond what's in other books"
There have been dozens of books on the sharing economy, crowdsourcing, and platforms. I was worried it would be yet another reincarnation that simply repackages old facts, stories, and anecdotes, as I've seen so much before.
And while some stuff in "The Sharing Economy" is repetitive (we've all heard the stories of Airbnb and Uber so many times), the book does offer lots of new insights. It also does a great job classifying and structuring the information about the sharing economy, the types, definitions, principles, etc.
Not a good choice for practitioners, but a great one for academics or those who want to better understand the big picture, and not necessarily get a practical advice on how to launch your own sharing business.
"Drivel and more drivel."
OMG can I get my one credit back? Probably not. I'm a big boy and took the bait. My fault.
"not listener friendly"
focus is more on who the author met and where, and then the concept. felt it is more like an author's diary than a book written/recorded for student/professionals/interested fellows.
one has to sieve relevant information from all the non-essential content.
"some of the best audio reading experiences I had"
some of the best audio reading experiences I had listed to for sure really good stuff
Very Dry and I agree with many of the other reviewers. The author continually reference other individuals work without ever giving his narrative.
"Excellent, well explained"
I really liked how the author described the social and economic impact that sharing econony Will have on society and what should we be prepared for the huge changes.
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