The (awesome) economics of open source

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The more things change, the more they stay the same. Consider how changed a world we live in today when The Economist openly questions the bulk behavior of capitalists as evil bureaucratic rent-seekers and suggests that perhaps Karl Marx has something to teach after all. But the world remains stubbornly the same, as expert after supposed expert attempts to argue that open source software makes no economic sense and that a company like Red Hat cannot, therefore, exist (the latest example being this article on Medium.com).

Arrgh!

W. Edwards Deming said “experience teaches nothing without theory,” so I’m going to explain the theory that I believe underlies the 30+ years of experience I’ve witnessed in the world of successful open

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Read full article » https://opensource.com/article/18/9/awesome-economics-open-source


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