Most of the assumptions on which our present economic system is based are based on nothing much better than “conventional wisdom”: which is a fancy way of saying “no basis at all, really, it just sounds plausible”. But sometimes conventional wisdom is wrong, and that’s what this series has been about: six things that ought to be impossible if conventional wisdom were correct. But if the foundational assumptions of our economy are false, then where does that leave the economy? And if it’s no longer standing on a firm foundation, then what are the new rules?

Project Gutenberg, started in 1971, is the oldest part of the modern free culture movement. Wikipedia is a relative upstart, riding on the wave of success of free software, extending the idea to other kinds of information content. Today, Project Gutenberg, with over 24,000 e-texts, is probably larger than the legendary Library of Alexandria. Wikipedia is the largest and most comprehensive encyclopedic work ever created in the history of mankind. It’s common to draw comparisons to Encyclopedia Britannica, but they are hardly comparable works—Wikipedia is dozens of times larger and covers many more subjects. Accuracy is a more debatable topic, but studies have suggested that Wikipedia is not as much less accurate than Britannica as one might naively suppose.