This blog started as a supplement for my Economics of Information course at MIT. However, it has expanded beyond that purpose and certainly should not be interpreted as official MIT views.
Tuesday, March 2, 2010
Reinventing the Book
The book is a venerable invention for sharing knowledge and entertainment. It's now being reinvented, via the kindle, other e-book readers and soon, the iPad.
At the same time, the business models will be reinvented. Massive Bundling and Subscriptions become will be much more profitable because the marginal costs of e-books is so much lower than paper books.
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