The Economics of Abundance

The Economics of Abundance - Presentation Transcript

THE ECONOMICS OF ABUNDANCE Chris Anderson, Wired

What happens when things get free?

“ Waste is Good”

Alan Kay, Xerox PARC (1972)

“Waste Transistors”

“Waste Storage” “ Over 2775.261837 megabytes (and counting) of free storage so you'll never need to delete another message” (Remember “Your mailbox is full”? What was that about?)

“Waste Bandwidth”

For the first time in history, complexity is free

Scarcity Abundance

The Long Tail of Media NYT CNN WashPost AP BBC SF Chron Guardian Yomiuri Wired Boston Globe Times UK Time Fox News Biz Week NPR MTV CNN Money Telegraph CBC.ca Sydney Morning Herald SJ Merc Chic Trib Reuters IHT WSJ Economist FT ESPN Post-Gazette PR Newswire

The Long Tail of Media NYT CNN WashPost AP BBC SF Chron Guardian Yomiuri Wired Boston Globe Times UK Forbes Time Fox News Biz Week PBS NPR MNSBC MTV CBS News CBS News CNN Money Telegraph CBC.ca Sydney Morning Herald SJ Merc Chic Trib Reuters IHT WSJ Economist FT ESPN Post-Gazette PR Newswire

Scarcity =

Abundance =

Scarcity: “Guess”

Abundance: “Measure”