Coase's Penguin, or Linux and the Nature of the Firm

  title={Coase's Penguin, or Linux and the Nature of the Firm},
  author={Yochai Benkler},
  • Y. Benkler
  • Published 24 September 2001
  • Economics
  • ArXiv
For decades our common understanding of the organization of economic production has been that individuals order their productive activities in one of two ways: either as employees in firms, following the directions of managers, or as individuals in markets, following price signals. This dichotomy was first identified in the early work of Ronald Coase and was developed most explicitly in the work of institutional economist Oliver Williamson. In this paper I explain why we are beginning to see… 

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