Showing posts with label scarce goods. Show all posts
Showing posts with label scarce goods. Show all posts

07 January 2008

The Value of Scarcity in the Age of Ubiquity

This is the future:

Just when digital reproduction makes it possible to create a “Rembrandt” good enough to fool the eye, the “real” Rembrandt becomes more expensive than ever. Why? Because the same free flow that makes information cheap and reproducible helps us treasure the sight of information that is not. A story gains power from its attachment, however tenuous, to a physical object. The object gains power from the story. The abstract version may flash by on a screen, but the worn parchment and the fading ink make us pause. The extreme of scarcity is intensified by the extreme of ubiquity.

(Via Boing Boing.)

06 December 2007

Behold! The New Anti-Open Access FUD

As I've noted before, I'm something of a connoisseur of FUD, and I really like coming across new examples. Here's one, directed at the burgeoning open access movement, which wants to make publicly-paid for scientific papers freely available (and others, too):


'The idea of public access to research information is a little bit specious,' added Robert Parker, managing director of RSC publishing. 'The UK government will be funding the London Olympics in 2012, but that doesn't mean that everybody can have free tickets - there is a big difference between funding something and having it be freely available.'

Nice sleight of hand there, Robbie. Except that the UK government is funding the Olympics in the (probably mistaken) belief that everyone will benefit from the knock-on effects on the economy, world prestige, blah-blah-blah: so there *is* an expectation of getting something in return for the public funds. And of course no one expects free seats - because there is a finite number of them - whereas the larger benefits, if they materialise, can be shared.

Open access is different because taxpayers can benefit from it directly. Most importantly, though, open access is digital in nature, and therefore can be copied and distributed for effectively zero cost - it is non-scarce and non-rivalrous. There is no way of giving away seats at the Olympics for zero cost, because they are scarce, rivalrous resources. The economics are completely different, as any managing director should understand. (Via Peter Murray-Rust.)