The Sharing Economy
The End of Employment and the Rise of Crowd-Based Capitalism
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Narrated by:
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Vikas Adam
About this listen
Sharing isn't new. Giving someone a ride, having a guest in your spare room, running errands for someone, participating in a supper club - these are not revolutionary concepts. What is new in the "sharing economy" is that you are not helping a friend for free; you are providing these services to a stranger for money.
In this book, Arun Sundararajan, an expert on the sharing economy, explains the transition to what he describes as "crowd-based capitalism" - a new way of organizing economic activity that may supplant the traditional corporate-centered model. As peer-to-peer commercial exchange blurs the lines between the personal and the professional, how will the economy, government regulation, what it means to have a job, and our social fabric be affected?
Drawing on extensive research and numerous real-world examples, Sundararajan explains the basics of crowd-based capitalism. He describes the intriguing mix of "gift" and "market" in its transactions, demystifies emerging blockchain technologies, and clarifies the dizzying array of emerging on-demand platforms. He then considers how this new paradigm changes economic growth and the future of work.
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In No Ordinary Disruption, the directors of the McKinsey Global Institute, the flagship think tank of the world's leading consulting firm, McKinsey & Company, dive deeply behind current headlines to analyze the key forces transforming the global economy over the next two decades - and most importantly, to explain what business and government leaders need to do to reset their intuitions and take advantage of the disruptions ahead.
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Good performance, so-so content
- By Vignesh Krishnan on 08-28-16
By: Richard Dobbs, and others
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Radical Markets
- Uprooting Capitalism and Democracy for a Just Society
- By: Eric A. Posner, E. Glen Weyl
- Narrated by: James Conlan
- Length: 9 hrs and 7 mins
- Unabridged
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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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Terrible Reader ruins this book
- By Brian W. Veit on 10-30-18
By: Eric A. Posner, and others
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The Prosperity Paradox
- How Innovation Can Lift Nations out of Poverty
- By: Clayton M. Christensen, Efosa Ojomo, Karen Dillon
- Narrated by: Mike Chamberlain
- Length: 9 hrs and 37 mins
- Unabridged
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Clayton M. Christensen, the author of such business classics as The Innovator’s Dilemma and the New York Times best-seller How Will You Measure Your Life, and coauthors Efosa Ojomo and Karen Dillon reveal why so many investments in economic development fail to generate sustainable prosperity and offers a groundbreaking solution for true and lasting change.
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Simplistic, lack of insights
- By D. Cameron on 05-24-21
By: Clayton M. Christensen, and others
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The Entrepreneurial State
- Debunking Public vs. Private Sector Myths
- By: Mariana Mazzucato
- Narrated by: Callie Beaulieu
- Length: 9 hrs and 33 mins
- Unabridged
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In this sharp and controversial international best seller, an award-winning economist debunks the pervasive myth that the government is sluggish and inept, and at odds with a dynamic private sector. She reveals in detailed case studies that the opposite is true: The state is, and has been, our boldest and most valuable innovator. Denying this history is leading us down the wrong path. A select few get credit for what is an intensely collective effort, and the US government has started disinvesting from innovation.
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Myth Breaker-a new model for innovation
- By Carl A. Gallozzi on 12-12-20
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What to Do When Machines Do Everything
- How to Get Ahead in a World of AI, Algorithms, Bots, and Big Data
- By: Malcolm Frank, Paul Roehrig, Ben Pring
- Narrated by: Eric Jason Martin
- Length: 7 hrs and 28 mins
- Unabridged
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What to Do When Machines Do Everything is a guidebook to succeeding in the next generation of the digital economy. When systems running on artificial intelligence can drive our cars, diagnose medical patients, and manage our finances more effectively than humans, it raises profound questions on the future of work and how companies compete.
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Assumes that machine learning will grow very slow
- By Nathan Burnham on 05-06-17
By: Malcolm Frank, and others
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System Error
- Where Big Tech Went Wrong and How We Can Reboot
- By: Rob Reich, Mehran Sahami, Jeremy M. Weinstein
- Narrated by: Kaleo Griffith
- Length: 11 hrs and 28 mins
- Unabridged
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In no more than the blink of an eye, a naïve optimism about technology’s liberating potential has given way to a dystopian obsession with biased algorithms, surveillance capitalism, and job-displacing robots. System Error exposes the root of our current predicament - how big tech’s relentless focus on optimization is driving a future that reinforces discrimination, erodes privacy, displaces workers, and pollutes the information we get- and outlines steps we can take to change course, renew our democracy, and save ourselves.
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Excellent on tech. Weak on political speech.
- By Kindle Customer on 11-05-21
By: Rob Reich, and others
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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Ghost Work
- How to Stop Silicon Valley from Building a New Global Underclass
- By: Mary L. Gray, Siddharth Suri
- Narrated by: Will Damron
- Length: 8 hrs and 7 mins
- Unabridged
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Hidden beneath the surface of the internet, a new, stark reality is looming - one that cuts to the very heart of our endless debates about the impact of AI. Anthropologist Mary L. Gray and computer scientist Siddharth Suri team up to unveil how services delivered by companies like Amazon, Google, Microsoft, and Uber can only function smoothly thanks to the judgment and experience of a vast, invisible human labor force. These people doing "ghost work" make the internet seem smart. An estimated 8 percent of Americans have worked at least once in this "ghost economy".
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Interesting research, disappointing analysis
- By Rafael Rosa on 05-11-19
By: Mary L. Gray, and others
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Economics for the Common Good
- By: Jean Tirole, Steven Rendell - translator
- Narrated by: Jonathan Davis
- Length: 18 hrs and 54 mins
- Unabridged
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When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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A Great Overview of the Challenges of Modern Econ
- By Zach Sullivan on 08-06-18
By: Jean Tirole, and others
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AI Superpowers
- China, Silicon Valley, and the New World Order
- By: Kai-Fu Lee
- Narrated by: Mikael Naramore
- Length: 9 hrs and 28 mins
- Unabridged
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In AI Superpowers, Kai-fu Lee argues powerfully that because of these unprecedented developments in AI, dramatic changes will be happening much sooner than many of us expected. Indeed, as the US-Sino AI competition begins to heat up, Lee urges the US and China to both accept and to embrace the great responsibilities that come with significant technological power.
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Compelled to listen at 2x speed
- By LEE on 09-26-18
By: Kai-Fu Lee
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The New Geography of Jobs
- By: Enrico Moretti
- Narrated by: Sean Pratt
- Length: 8 hrs and 32 mins
- Unabridged
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Today, there are three Americas. At one extreme are the brain hubs with workers who are among the most productive, creative, and best-paid on the planet. At the other extreme are former manufacturing capitals that are rapidly losing jobs and residents. The rest of America could go either way. For the past 30 years, the three Americas have been growing apart at an accelerating rate. This divergence is one the most important developments in the history of the US and is reshaping the very fabric of our society. But the winners and losers aren't necessarily who you'd expect.
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Almost Stopped Listening
- By R. Hartley on 03-29-19
By: Enrico Moretti
What listeners say about The Sharing Economy
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Jorge
- 01-09-17
Excellent, well explained
I really liked how the author described the social and economic impact that sharing econony Will have on society and what should we be prepared for the huge changes.
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- Nahean
- 05-07-17
Great economic outlook on effect of tech
The author does an excellent job capturing the economics behind where this sharing trend is headed. Being an Econ major and an MBA I thoroughly enjoyed this book. It's an easy digestible read. strongly recommend it.
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1 person found this helpful
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- Will T
- 02-02-18
Interesting Content, Dubious Conclusions
Draws a questionable dichotomy between a market economy and a gift economy. Ignores the ability of platforms (i.e. Uber) to concentrate power and profits to themselves at the expense of the "micro entrepreneurs" who provide their property or services (i.e. Uber drivers). The general tone is very optimistic that sharing will bring about greater equality, which I think overlooks the fact that potential providers still have to have the means to own spare property before being able to rent it out through sharing platforms.
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1 person found this helpful
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- Nicholas KARIUKI
- 01-02-18
Very enlightening book
I rthouroughly enjoyed this book and gives a glimpse of the changes that the workplace is undergoing. It gives food for thought for the place makers for independent labor.
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1 person found this helpful
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- Keith
- 06-28-16
Great book for anyone creating digital apps
This book is a life changer in so many ways. It connects many of the puzzle pieces together and shows you how they interact. Great book! In the future everyone has value.
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2 people found this helpful
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- Philomath
- 04-30-17
The age of crowd control
Certainly we are seeing big data, and crowd information used, whether it's for funding, sourcing, evaluating, servicing and everything else.
It is clear that crowd intelligence is superior to the old fashioned experts, and the large internet companies are using this information to enrich themselves.
The question is will this continue in a society where the rich get richer leaving everyone else behind. This book raises some thought provoking questions about Web 2.0 or what the author calls the sharing economy.
Highly recommended as a starting point to understand the type of revolution we are currently undergoing. I appreciate the authors honesty in admitting the difficulty in predicting what will come next.
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1 person found this helpful
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- MPet
- 05-20-16
Relevant & engaging
This book is accessible to both top-notch-economists and laypeople alike. It was a fascinating listen.
The subject is of such vast economic importance, and yet it's so personal to each of us in the developed world. The emergence and growth of peer-to-peer services in the past few years has been staggering. Economic activity is shifting away from central institutions to services provided by other individuals who have access to goods. The range of services is stunning — you can get a ride, order food, crash on someone's couch, ship an unwieldy object, have your clothes laundered, book a massage therapist, or become a startup investor, all with a few taps on your phone.
As the scope of peer-to-peer markets expands, we're taking economic activity out of institutions. In the established model, most economic activity was controlled by large companies. Now we have a digitally controlled model — a platform that sits btw people who have time, have stuff, or have $, and people who need those things. Loved the discussion on what makes people trust each other enough for these high-stakes interactions, the "digital online reputation circles."
Which brings me to the most interesting aspect of the sharing economy, and of the book — the implications both for regulation & for the workforce. On the one hand, value is captured by people below median income, which is a promise of inclusive growth. On the other hand — well, you should get the book.
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6 people found this helpful
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- T. Seltz
- 05-08-18
Thorough, Thought Provoking and Enjoyable
This well-researched book on the "sharing economy," "crowd-sourced capitalism," or whatever we're calling it these days, is very well-researched. It dates through around 2015 so it will probably need updating to retain value at some point. But, as of this point in time (2018), it's still quite relevant and timely. Anyone interested in decentralization or where our economy is going would be well-served by this account.
Two very subjective criticisms:
(a) the author engages in too much attribution. This is what footnotes are for. It is distracting and a waste of time to hear every theory's multiple progenitors and the title of the publication from which a theory emerged, or the conference at which it was presented. After awhile, it just sounds like obscure academic namedropping; and
(b) the narration is overly earnest, mispronounced some names (e.g., "Buterik" for "Buterin"), and detracted from what otherwise was an excellent listen.
Overall, however, this book is extremely insightful. Despite the narration, I'll likely listen a second time -- the underlying work itself is that good.
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- T. Leach
- 07-11-16
A excellent overview of Crowd-Based Capitalism
This book is for deep thinking Entrepreneurs and policy makers who will shape the future of work.
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1 person found this helpful
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- Zikomo
- 05-26-17
Good but could've had simpler language
Some sentences were so long and complex that I had to rewind several times just to take it all in. Other times, he spoke in terms that were too abstract. but a good listen overall
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