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The Sharing Economy
Book

The Sharing Economy

The End of Employment and the Rise of Crowd-Based Capitalism

MIT Press, 2016 more...


Editorial Rating

8

Qualities

  • Innovative
  • Applicable
  • Eye Opening

Recommendation

The “sharing economy” – or “crowd-based capitalism” – is a technology-based revival of the person-to-person or peer-to-peer transactions that dominated economic activity before the Industrial Revolution. Today’s prominent online peer-to-peer platforms include Airbnb, car-ride services Lyft and Uber, and such financing platforms as Kickstarter and Kiva. Business professor Arun Sundararajan explains how social and commercial concerns drive these online transactions. His belief that the sharing economy’s impact is comparable to that of the Industrial Revolution may be debatable and he organizes his text somewhat haphazardly, but his narrative is perceptive and informative. getAbstract recommends this overview to readers seeking a detailed assessment of the sharing economy.

Take-Aways

  • Between 2010 and 2015, new companies emerged with online platforms for individuals to transact with each other in the “sharing economy.”
  • Digital peer-to-peer platforms resemble preindustrial marketplaces; reputation and public consensus affect both forums, given that online buyers rate and review their suppliers.
  • Peer-to-peer platforms make use of underutilized labor and assets.

About the Author

Arun Sundararajan is a professor and Robert L. and Dale Atkins Rosen Faculty Fellow at New York University’s Stern School of Business. His Sharing Economy won a 2017 Axiom Best Business Books Award.