Now here is a new term that I recenlty learned about from John Maloney. As the wikipedia offers (on June 4):
“Crowdsourcing is a term coined by Wired Magazine writer Jeff Howe and editor Mark Robinson. Whereas with outsourcing, jobs are sent overseas to take advantage of cheap labor in markets such as India or China, crowdsourcing relies upon unpaid or low-paid amateurs who use their spare time to create content, solve problems, even do corporate R & D.”
The wikipedia provies a lot more and the article mentioned that the wikipedia is of course one of the largets crowd sourcing projects. But companis like Proctor and Gamble suppliment their paid R&D staff by offering cash rewards to those outdside th firm who solve busines spronblems for them. The Open Source sofware movement is a variation on this theme. Huck Finn had a similar concept for fence painting.