Brian GordonNov 14, 2022

Reposting this from that other place.

https://twitter.com/gordonbrianr/status/1592302075442257920?s=61&t=EC4ftDvSdEcQadCDxd5zPA

Brian Gordon on Twitter

“If completely unrestricted economic coordination is so great, why do we ever have firms? Benkler’s (2002) conjectured ‘assembly basin’ advantage for peer production is at odds with the view of the compositional advantages of firms in the KBV/social capital lit. 🤔”

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Show threadBrian Gordon
No need to click through. The op post is attached 👇 @industrialorganization @innovation
Nov 15, 2022 at 1:09amWeb
Show threadBrian GordonNov 15, 2022
@industrialorganization @innovation it effectively brackets Williamson's notion of the fundamental transformation/co-specialization and Penrosean insight, of course. Does that make the explanation a bit of a straw person? Maybe?
Show threadBrian GordonNov 15, 2022
@industrialorganization @innovation It sorta suggests that we can see an advantage for the peer production mode over markets and hierarchies, but only under some pretty severe restrictions *and* these might only be apparent ex post.