New Rules for the New Economy: 10 Ways the Network Economy is Changing Everything


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In New Rules, Kevin Kelly brings together the many various forces at work in the emerging economies and puts forward 10 principles to guarantee accords in the post-industrial digital revolution. The Network Economy has created a new market and a new economy. The major changes have not been the growth of computers but the increased communications between these computers. Wealth now comes from innovation and networks are the ideal environment for these new discoveries. This means the rate of changes have increased phenomenally. Kevin Kelly presents 10 rules that outline the new rules within this revolution. From the 10 rules he proscribes 10 strategies.The message of the Network Economy is ‘Don’t solve problems, seek opportunities’. The new economy is based on innovation, imagination and originality rather than repetition, productivity and automation. New Rules is an exciting and important look at the future.There’s hype and then there’s the Internet. The widespread emergence of the World Wide Web and the idea of a network economy have set new records for excess in overheated marketing campaigns, breathless newspaper and magazine articles, and topsy-turvy financial markets. From his perch as founding editor of Wired magazine, Kevin Kelly has long been one of the new economy’s chief hypesters. In New Rules for the New Economy, Kelly tries to encapsulate the characteristics of this emerging economic order by laying out 10 rules for how the wired world operates. The result is a dizzying, sometimes confusing, but always thought-provoking look at the behavior of networks and their effect on our economic lives. At the root of this network revolution is communication. As Kelly writes:

Communication is the foundation of society, of our culture, of our humanity, of our own individual identity, and of all economic systems. This is why networks are such a big deal. Communication is so close to culture and society itself that the effects of technologizing it are beyond the scale of a mere industrial-sector cycle. Communication, and its ally computers, is a special case in economic history. Not because it happens to be the fashionable leading business sector of our day, but because its cultural, technological, and conceptual impacts reverberate at the root of our lives.





Kelly’s genius lies in synthesizing large amounts of information in unique and interesting ways. His ability to turn a phrase is reflected in the names he gives to his 10 rules, and it makes this book a pleasure to read. Some, for example, are: “Embrace the Swarm: The Power of Decentralization” (Rule 1); “No Harmony, All Flux: Seeking Sustainable Disequilibrium” (Rule 8); and “Let Go at the Top: After Success, Devolution” (Rule 6). A few of his ideas have a kind of Teflon quality that makes them elusive and difficult to evaluate. But that’s OK. Like other prognosticators of the future–Alvin Toffler and John Naisbitt come to mind–Kelly’s job is to imagine a new world. Far from hype, New Rules for the New Economy is required reading for anyone pondering business in the not-too-distant future. –Harry C. Edwards

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