1. Disruptive Technologies and the Evolution of the Law EDUCAUSE Southeast Regional Conference Atlanta, Georgia June 19-21, 2006 Richard Keck Duane Morris LLP 404-253-6950 rkeck@duanemorris.com

2. SOME DIFFERENCES BETWEEN CLASSICAL AND KNOWLEDGE ECONOMIES Disruptive Technologies and the Evolution of the Law --Richard Keck

3. classical economies use scarce physical resources --“the tragedy of the commons” leads to private property Disruptive Technologies and the Evolution of the Law --Richard Keck

4. knowledge economies use inexhaustible intellectual resources…this leads to the open source movement fish and loaves Disruptive Technologies and the Evolution of the Law --Richard Keck

5. THESIS The law reflects relatively stable societal values The law balances competing values based on a presumed technological equilibrium Disruptive technologies can rapidly upset the balance The law must adapt to restore balance Disruptive Technologies and the Evolution of the Law --Richard Keck

6. EXAMPLES electronic records and signatures online, free, electronically searchable public records spam peer-to-peer networking and file sharing voice over Internet protocol e-learning applications Disruptive Technologies and the Evolution of the Law --Richard Keck

7. Disruptive Technologies and the Evolution of the Law EDUCAUSE Southeast Regional Conference Atlanta, Georgia June 19-21, 2006 Richard Keck Duane Morris LLP 404-253-6950 rkeck@duanemorris.com