The Sharing Economy by Arun Sundararajan
The End of Employment and the Rise of Crowd-Based Capitalism (MIT Press)

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Synopsis

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 -- including Airbnb, Lyft, Uber, Etsy, TaskRabbit, France's BlaBlaCar, China's Didi Kuaidi, and India's Ola, 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 considers how this new paradigm changes economic growth and the future of work. Will we live in a world of empowered entrepreneurs who enjoy professional flexibility and independence? Or will we become disenfranchised digital laborers scurrying between platforms in search of the next wedge of piecework? Sundararajan highlights the important policy choices and suggests possible new directions for self-regulatory organizations, labor law, and funding our social safety net.
 

About Arun Sundararajan

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Published May 13, 2016 by The MIT Press. 256 pages
Genres: Business & Economics.

Unrated Critic Reviews for The Sharing Economy

London School of Economics

In The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, Arun Sundararajan aims to explain both the origins and the implications of this new way of working, and how the ‘asset-light’ generation’s political economy is shaped by ‘sharing’.

Jun 12 2016 | Read Full Review of The Sharing Economy: The End ...
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