Profit vs Nonprofit Platforms
Explore the debate between for-profit and nonprofit platforms, as Russ and Michael challenge the assumption that people only do things for money. They discuss the extraordinary success of Wikipedia, the potential challenges faced by apps like Evernote and Medium, and the idea of foundations running platforms in a nonprofit way. Discover the competition between Uber and Amazon and how they both aim to reduce transaction costs.In this clip
From this podcast
EconTalk
Michael Munger on Sharing, Transaction Costs, and Tomorrow 3.0
Related Questions
Is monetary gain the only motivation for people in their careers, as discussed in the episode Michael Munger on Love, Money, Profits, and Non-profits and the clip Love vs. Money, as well as in the episode 2: Rob Weinhold | The Art of Crisis Leadership and the clip Motivators of Bad Deeds?
Is monetary gain the only motivation for people in their careers, as discussed in the episode Michael Munger on Love, Money, Profits, and Non-profits and the clip Love vs. Money, as well as in the episode 2: Rob Weinhold | The Art of Crisis Leadership and the clip Motivators of Bad Deeds?