The Theory of Collective Action and Wikinomics: the Analysis of Historical Transformation

• Main Author: Shved Vadym V.
• Format: Article
• Language: English
• Published: PH "INZHEK" 2017-03-01
• Series: Problemi Ekonomiki
• Subjects: theory of collective actions; wikinomics; selective incentives; collective good; peer production
• Online Access: http://www.problecon.com/export_pdf/problems-of-economy-2017-1_0-pages-315_319.pdf

The subject of the article is the analysis of the main components of the theory of collective action and its evolutionary transformation into modern economic models. The nature of emergence of the theory of collective action, its significance for modern society, the scope of its use as well as the key shortcomings are analyzed. There studied the process of development of the theory of collective actions, namely the interrelation of public incentives of different nature and peer relationships, which, in turn, leads to a change in the economic nature of relations in modern society. Also, attention is paid to the essence of wikinomics, the transformation of the theory of collective actions into the theory of wikinomics is argued with simultaneous solution of the key problems inherent in the theory of collective action, one of which is insufficient information. The main reasons for using wikinomics in modern business environment in the context of the transition of modern society from the post-industrial era into the information age are revealed.