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 The supposed Grand Unified Theory On The Economics Of Free

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RR Phantom

RR Phantom

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The supposed Grand Unified Theory On The Economics Of Free Vide
PostSubject: The supposed Grand Unified Theory On The Economics Of Free   The supposed Grand Unified Theory On The Economics Of Free Icon_minitimeWed May 31, 2017 11:11 pm
Ok. I'll be the first to admit that I've taken the long way around in going through my series of posts exploring the economics of goods when scarcity is removed. What I had thought would be a series of 5 or 6 posts, turned into something much longer -- but each week people came up with new questions or discussions or objections, and so I tried to spend some time digging down on various pieces of the economics at hand. However, what I haven't done is tie it all together in one single spot. In the last couple of weeks there's been tremendous confusion among people from Scott Adams to CNN to various others that have made it abundantly clear that the one thing I've failed to do is put the whole concept together in a single place. That's resulted in people being confused about what I'm actually saying -- where they only pick up a tiny piece of the argument or confuse it with the arguments made by others. So, while I still think it was important to go through the details, now is as good a time as any to pull the whole theory together (with some links back to the previous articles in the series).

First off, and this is key, none of what I put forth is about defending unauthorized downloads. I don't download unauthorized content (never have) and I certainly don't suggest you do either. You may very well end up in a lawsuit and you may very well end up having to pay a lot of money. It's just not a good idea. This whole series is from the other perspective -- from that of the content creator and hopefully explaining why they should encourage people to get their content for free. That's because of two important, but simple points:

If done correctly, you can increase your market-size greatly.
If you don't, someone else will do it correctly, and your existing business model will be in serious trouble

https://www.techdirt.com/articles/20070503/012939/grand-unified-theory-economics-free.shtml
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