Professor Arun Sundararajan's book, "The Sharing Economy," is featured
— February 19, 2017
Excerpt from the Financial Times -- "Conscious capitalism still sees the firm as the basic economic unit. New York University business professor Arun Sundararajan, by contrast, focuses on the crowd. Crowd-based capitalism, which he outlines in The Sharing Economy, is the 21st-century version of village life, in which people engage in commercial transactions with peers, bolstered by trust generated by intertwined social networks. Digital platforms expand the village to encompass cities; blockchain technologies create trust at scale; individuals support themselves as small-scale entrepreneurs, like craftspeople and merchants of old."