Tim Jordan - The Digital Economy

1 Title page The Digital Economy TIM JORDAN polity

2 Copyright page Copyright page Copyright © Tim Jordan 2020 The right of Tim Jordan to be identified as Author of this Work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988. First published in 2020 by Polity Press Polity Press 65 Bridge Street Cambridge CB2 1UR, UK Polity Press 101 Station Landing Suite 300 Medford, MA 02155, USA All rights reserved. Except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher. ISBN-13: 978-1-5095-1755-8 ISBN-13: 978-1-5095-1756-5(pb) A catalogue record for this book is available from the British Library. Typeset in 11 on 13pt Adobe Garamond Pro by Fakenham Prepress Solutions, Fakenham, Norfolk, NR21 8NL Printed and bound in Great Britain by CPI Group (UK) Ltd, Croydon The publisher has used its best endeavours to ensure that the URLs for external websites referred to in this book are correct and active at the time of going to press. However, the publisher has no responsibility for the websites and can make no guarantee that a site will remain live or that the content is or will remain appropriate. Every effort has been made to trace all copyright holders, but if any have been overlooked the publisher will be pleased to include any necessary credits in any subsequent reprint or edition. For further information on Polity, visit our website: politybooks.com

3 Acknowledgements

4 1 The Meaning of the Digital Economy Hype and #Hyper-hype The Digital Economy as Seen Through the OECD and Market Values Digital Economic Practices and the Problem of Definition Digital Economic Practices Plan of the Book Notes

5 2 Search and Advertise Googling as an Economic Practice Search as an Economic Practice Community, Trust and Privacy Notes

6 3 Social Media: The Industry of Beauty, Wonder and Grief Facebook The Industry of Beauty, Wonder and Grief Social Media Economic Practices Note

7 4 Taxis, Beds, Blockchains and Disintermediation Uber Airbnb Blockchain Technologies Conclusion Notes

8 5 Free Stuff: Economic Practices Without Profit Profit or Not? Free Software The World Wide Web and the World Wide Web Consortium Wikis and Wikipedia: Economic Practices Without Economy Conclusion: Economies and Commons Notes

9 6 Warhammer, Warcraft, Just Plain War: Online Games and Digital Economic Practices Gaming as a Digital Economy MMOGs All the Other Games Conclusion Notes

10 7 What We Think We Know About the Digital Economy: Profit, Labour, Production and Consumption Profit, Rent, Debt, Exploitation, Value Free Labour Produsage, Playbour, Prosumerism, Co-evolving Co-creation Conclusion: Important Faulty Concepts Notes

11 8 The Digital Economy Models and Modelling Two Causations in the Digital Economy Digital Economic Practice Conclusion

12 9 Principles for Digital Economic Policy Jurisdiction and Digital Economic Practices Tax and Digital Economic Practices Labour and Digital Economic Practices Commons and Digital Economic Practices Conclusion Notes

13 10 Digital Economic Practices and the Economy Digital Economic Practices and Capitalism The End

14 References

15 Index

16 End User License Agreement

1 Cover

2 Contents

3 1 The Meaning of the Digital Economy

1 iii

2 iv

3 vi

4 vii

5 1

6 2

7 3

8 4

9 5

10 6

11 7

12 8

13 9

14 10

15 11

16 12

17 13

18 14

19 15

20 16

21 17

22 172

23 18

24 19

25 20

26 21

27 22

28 23

29 24

30 25

31 26

32 27

33 28

34 29

35 30

36 31

37 32

38 33

39 173

40 34

41 35

42 36

43 37

44 38

45 39

46 40

47 41

48 42

49 43

50 44

51 45

52 46

53 47

54 48

55 49

56 50

57 51

58 52

59 53

60 54

61 55

62 56

63 57

64 58

65 59

66 60

67 61

68 62

69 63

70 64

71 65

72 66

73 67

74 68

75 69

76 70

77 71

78 72

79 73

80 74

81 75

82 76

83 77

84 78

85 79

86 80

87 81

88 82

89 83

90 84

91 85

92 86

93 87

94 88

95 174

96 89

97 90

98 91

99 92

100 93

101 94

102 95

103 96

104 97

105 98

106 99

107 100

108 101

109 102

110 103

111 104

112 105

113 106

114 107

115 108

116 109

117 110

118 111

119 112

120 113

121 114

122 115

123 116

124 117

125 118

126 119

127 120

128 121

129 122

130 123

131 124

132 125

133 126

134 127

135 128

136 175

137 129

138 130

139 131

140 132

141 133

142 134

143 135

144 136

145 137

146 138

147 139

148 140

149 141

150 142

151 143

152 144

153 145

154 146

155 147

156 148

157 149

158 150

159 151

160 152

161 153

162 154

163 155

164 156

165 157

166 158

167 159

168 160

169 161

170 162

171 163

172 164

173 165

174 176

175 166

176 167

177 168

178 169

179 170

180 171

181 177

182 178

183 179

184 180

185 181

186 182

187 183

188 184

189 185

190 186

191 187

192 188

193 189

194 190

195 191

196 192

197 193

198 194

199 195

200 196

201 197

202 198

203 199

204 200

TIM JORDAN

polity

Copyright © Tim Jordan 2020

The right of Tim Jordan to be identified as Author of this Work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988.

First published in 2020 by Polity Press

Polity Press

65 Bridge Street

Cambridge CB2 1UR, UK

Polity Press

101 Station Landing

Suite 300

Medford, MA 02155, USA

All rights reserved. Except for the quotation of short passages for the purpose of criticism and review, no part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher.

ISBN-13: 978-1-5095-1755-8

ISBN-13: 978-1-5095-1756-5(pb)

A catalogue record for this book is available from the British Library.

Typeset in 11 on 13pt Adobe Garamond Pro

by Fakenham Prepress Solutions, Fakenham, Norfolk, NR21 8NL

Printed and bound in Great Britain by CPI Group (UK) Ltd, Croydon

The publisher has used its best endeavours to ensure that the URLs for external websites referred to in this book are correct and active at the time of going to press. However, the publisher has no responsibility for the websites and can make no guarantee that a site will remain live or that the content is or will remain appropriate.