Manifesto of the New Economy

This examination of the future of the 'digital society'-and its monetization-presents the business model for content producing industries and interrogates a host of issues from the economics of people's spare time to the meaning of the term 'club economics'.

The book describes the main directions for the development of the digital society. The author angles its book to those who are interested to know what would replace search engines, and how social networks would evolve; what profit can be made of different forms of informational collaboration (crowdsourcing, collaborative filtering). And, the main thing, how it will influence the structure of the society and human pursuit for happiness. The author does not confine himself to a theory, he sets and solves practical questions: How talent, success and stardom are interconnected, how to make money in social networks, what is the business model for the development of entertainment and media, how to measure cultural values, and what is the subjective time of the individual and how to make it qualitative? There have been no answers to these questions before. Internet and social networks have provided tools and data that Alexander Dolgin was the first to use in economics.

The book is about the future development of the digital society, social search engines of the new generation, and crowdsourcing (collaboration) in information processing The book examines future development of social networks and their way to monetization. It presents the business model for content producing industries, which further existence is questionable due to rapidly decreasing copyright working capacity Some chapters are about the economics of people's personal time and laws of emotional asymmetry in information perception knowledge of such laws helps people to manage their subjective sensation of happiness Includes supplementary material: sn.pub/extras

Klappentext

• How do social networking services earn money?
• What is the "second hand of the market" and how does it operate?
• Why does society need so many different kinds of goods?
• What does happiness economics not reveal about happiness?
• What is the link between talent, success and stardom?
• What is the business development model for the entertainment and media industry?
• What is emotional hysteresis?
• How can we measure cultural values?
• What is subjective time and how can it be made qualitative?
• What is club economics? You can find the answers to all these questions in the book.

It describes the main trends in development of our digital society. It appeals to those who are curious about what will replace search engines, and how social networking services will evolve. It is about the profit from different forms of informational collaboration (crowdsourcing, collaborative filtering) and how it will affect the structure of the society and human pursuit for happiness.

Inhalt
The second invisible hand of the market.- The Symbolic Economics approach to the humanities and humanitarian practices.