Economic effects of Wikipedia
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The rise of the open source encyclopedia Wikipedia had different economic effects.
The most obvious economic effect of Wikipedia has been the death of commercial encyclopedias, especially the printed versions, e.g. Encyclopaedia Britannica. There is also an ongoing debate about the influence of Wikipedia to the biography publishing business. "The worry is that, if you can get all that information from Wikipedia, what's left for biography?" Said Kathryn Hughes, professor of life writing at UEA and author of The Short Life and Long Times of Mrs Beeton and George Eliot: the Last Victorian.
For the readers and users of Wikipedia, there is the economic advantage of free accessibility and rapidly updated knowledge.
- After 244 Years, Encyclopaedia Britannica Stops the Presses, Nytimes.com
- Encyclopedia Britannica Dies At The Hands Of Wikipedia, Gizmocrazed.com (with statista infographic from NYTimes.com)
- Alison Flood: Should traditional biography be buried alongside Shakespeare's breakfast? (The Guardian)
- The Legitimation Process of the Wikipedia's Construction of Knowledge (thesis)
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