[Wikipedia-l] Alan Greenspan needs to learn about Wikipedia

[Erik Moeller]

> http://www.federalreserve.gov/BoardDocs/speeches/2003/20030404/default.htm

>> For example, though the set up cost of creating an on-line
>> encyclopedia may be enormous, the cost of reproduction and
>> distribution may be near zero if the means of distribution is the
>> Internet. The emergence of an electronic platform for the transmission
>> of ideas at negligible marginal cost may therefore be an important
>> factor explaining the recent increased conceptualization of the
>> GDP. The demand for conceptual products is clearly impeded to a much
>> smaller degree by rising marginal cost than is the demand for physical
>> products.

> The cost isn't *that* enormous, of course, when a free license
> empowers volunteers.

Strangely enough, I was expecting Greenspan to mention Wikipedia any  
minute when I read that ;-). But we haven't reached that point yet -- I'm  
sure we will, though.

Regards,

Erik