Corpus ID: 18059179

The Third Entrepreneurial Revolution : A Middleman Economy

  title={The Third Entrepreneurial Revolution : A Middleman Economy},
  author={M. Munger},
  • M. Munger
  • Published 2015
  • The sharing economy will blur the distinctions between renting and owning a wide variety of durable products. The first great entrepreneurial (Neolithic) revolution transformed hunter-gatherers into fixed agriculturalists. The second (Industrial) revolution dramatically reduced the costs of owning products. The third (Transactions Costs) revolution will reduce the costs of exchange, fostering a sharing economy. Some implications of this revolution, and the likely winners and losers, are spelled… CONTINUE READING
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