네트워크와 시장

Network and Market : On the Critique of the Neoclassical Market Theory

Changes on the economic circumstance caused by development of the informationtechnology has been variously discussing in the fleld of economics since the 1990s. Thosechanges, however, have been mostly considered merely as technical shocks rather than as fundamental changes that operate economic system. This paper clearly points out that the network economy is another phase of relation of production whose mechanism is absolutely different from the market economy, This paper also shows the problems of current system where network is cooperating with market system. Externality caused by network could bring about disturbances on tile market price. Market economy stands on the principles of the exclusive private property and perfect competition between agents, while the network economy can get efficiency through co-ownership and cooperation, Above all, this paper aims to show the limitation of current economic thoughts. It is not possible that modern economics understand relations of production beyond market system, Modern economics are restricted and enervated to explain current economic situation, collision and contradiction between network economy and market economy, This paper tries to grope for a new economic recognition by revealing a historical root of marketeconomy and mainstream economics.