Industrial Info


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Industrial information economy is a term coined by Harvard University Professor Yochai Benkler. Benkler discusses this term in-depth in his 2006 book The Wealth of Networks: How Social Production Transforms Markets and Freedom. Industrial information economy is the first form of information economy and has existed since the late-nineteenth century and into the twentieth-century (Benkler 2006, p. 3). Recently, industrial information economy evolved into a new form known as networked information economy with the advent of the Internet (Benkler 2003, pp. 1250–1251). It represents one in which consumers are passive, as opposed to the networked information economy in which consumers are active often to the point of equally being producers (either in terms of creativity or by allowing usage of their idle processing, storage or bandwidth). In addition, industrial information economy promoted the dominance of the mega-corporation, and created passive workers who had no control over what they produced or consumed.