Two of the most abject victims of wikinomics are the newspaper and music industries.

ECONOMIST: Schumpeter

In Wikinomics, he described seven different approaches to these new platforms for participation.

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He wrote Grown up Digital and Wikinomics, and lately Macrowikinomics, all attempts to understand where the digital revolution is headed.

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Other industries are just beginning to be transformed by wikinomics.

ECONOMIST: Schumpeter

That's led some utopians, like Don Tapscott and Anthony Williams, authors of the book "Wikinomics, " to predict the rise of "mass collaboration" as the new form of economic organization.

WSJ: The End of Management

Wikinomics is even rejuvenating the fusty old state.

ECONOMIST: Schumpeter

In a noted example, Don Tapscott, in his book Wikinomics, described how one Canadian gold mining company facing a looming shutdown desperately turned to the general public to help solve a critical business problem.

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Mr. Tapscott, just yesterday awarded one of the top ten thinkers in the business world in 2011 on Thinkers 50, is the author of 14 books including many bestsellers like Wikinomics, MacroWikinomics and others, focusing on the changes to how we structure work in the modern age.

FORBES: The Industrial Age Has Finally Run Out of Gas: An Interview With Don Tapscott