Archive for the ‘Commodities’ Category

The Peculiar Character of Knowledge

September 19, 2007

Most commodities get used up and looses value as it is consumed.

Knowledge, however, does not get used up as it is consumed and can therefore spread widely without losing its value.  In fact, the more a piece of knowledge becomes available, the more valuable it potentially becomes, because of the wider array of possible uses for it.

The Wisdom of Crowds by James Suroweicki