Thursday, June 5, 2008

Krugman on Digitized Content

Bits, Bands and Books - Paul Krugman writes about digital content and the ease of distribution of same. Krugman speculates about the impact that electronic books will have on the publishing world (are you paying attention, textbook reps?), given the experience of the music industry.

Key quote, 'Bit by bit, everything that can be digitized will be digitized, making intellectual property ever easier to copy and ever harder to sell for more than a nominal price. And we’ll have to find business and economic models that take this reality into account.

It won’t all happen immediately. But in the long run, we are all the Grateful Dead.'

No, he wasn't referring to backing the Pranksters at the Acid Tests. Krugman uses the Dead's free taping policy as a model for the distribution of digital content.


  1. Hi, Andy.

    Maybe we are moving towards something like "open source ideas".


  2. Thanks for the post.

    'Open source ideas' is a good idea. So is, open access to ideas! As is, minds open to access to ideas!