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Scoop.it!
"Economists typically talk about “transaction costs” but I’m deliberately using the term “coordination costs”. Transactions (a la Coase) typically involve money, and certainly require at least contractual obligations. Coordination by contrast only depends on voluntary cooperation. Transaction costs will always be higher than coordination costs, because transactions require the ability to enforce the terms of the transaction. This imposes additional costs — often enormously larger costs. 
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Scoop.it!
This way of operating focuses on what is being produced, and requires people to be largely fixed into roles to serve the linear supply chain model. People and natural systems are generally considered to be "resources" that are raw materials and labor for production and distribution, end-points consumption. Linearity in this production model leads to seeking more raw materials for more production/distribution/consumption. The organization in this system is around the assumption of unlimited growth. All actors in this system are all seeking unlimited growth at the same time. The competition around unlimited growth tends to lead to a focus of finding and capturing the largest "markets" before others find and capture it.
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As Michel Bauwens describes it, it is becoming increasingly impossible to capture value from the ownership of ideas, designs, and technique–all the “ephemera” and “intellect” that Peters writes about as a component of commodity price–leading to a crisis of sustainability for capitalism.
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Scoop.it!
"Nick Dyer-Witheford (2007) has proposed the term Commonism for a society where the basic social form of production are the Commons (while in capitalism, commodities are the basic social form). As the success of commons-based peer production shows, commons and peer production go together very well. We can therefore expect peer production to be the typical form of production in a commons-based society. Commonism would be a society where production is organized by people who cooperate voluntarily and on an equal footing for the benefit of all.
Scoop.it!
The 'Circulation of the Common' = Analytical concept proposed by Nick Dyer-Witheford in a landmark essay of the same title.. It refers to the social reproduction mechanism of Peer Production, in a process analogous with the Circulation of Capital described by Marx.
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The author argues that “incentives of entrepreneurs (whether they work for free, get consulting fees, or go public and become billionaires) and capitalists (who want to get a return on something they own) diverge in situations that are mainly coordinated through non-monetary incentives.”
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