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Commons-based peer production

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Commons-based peer production is a term coined by professor Yochai Benkler to describe a new model of economic production, different from both markets and firms, in which the creative energy of large numbers of people is coordinated (usually with the aid of the internet) into large, meaningful projects, largely without traditional hierarchical organization or financial compensation.

It was first introduced in his seminal paper Coase's Penguin. A more concise explanation, and an application of the model to the production of educational material, can be found in his Common Wisdom: Peer Production of Educational Materials.

Examples of products created by means of commons-based peer production include Linux (computer operating system software), Slashdot (a news and announcements website), Misplaced Pages (the thing you're using now), and Clickworkers (collaborative scientific work).

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