The digital economy is fundamentally different from the traditional economy as it existed during the 20th century when many economic theories were crystallized (and ossified). As such, traditional theories fail to encapsulate the amorphous, global, oligopolistic, intangible, and knowledge-driven...

Pursuant to two broad “iterations” of the world wide web, the first relegating the user to a rudimentary read-only role, and the second to that of a content-creator bound by an architecture of oligopolistic entities, a third iteration (Web 3.0) is posited as one wherein the user is...