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The hacker ethic 427THE FLEXIBLE RELATIONSHIP TO TIMEThe second element of Weber’s concept of the Protestant ethic is its relationshipto time. Weber describes the ideas of systematic work time and of optimizingtime. In the informational economy, time is still money. Time isoptimized to an even greater extent than in the industrial age. This is clear inthe global financial markets where the speed of change is unprecedented.Companies have to be more and more agile in reacting to developments intheir environment. And, for individuals, there is even a sense of continuousemergency in their work where everything has to happen faster and faster. Thepresent optimization of time continues the trend that started in the industrialeconomy.But there is also a new feature of the informational age that can be seen inits culture. Information technology makes it possible to transcend time andplace. It makes both global real-time operation and operation in “un-real” timepossible. The latter refers to the fact that IT systems facilitate a way of doingthings, in which contributions to a process do not have to be made in synchronoustime. This means a new, more flexible relationship to time, which breaksthe mold of everyone working in the same sequential time. This results in thepossibility of organizing one’s own time and of living one’s life in a new way.The informational economy’s structural equivalent to this flexible relationshipto time is project-based work. This is why few people any longer have theindustrial economy’s paradigmatic life-long career in the same job, a developmentthat has both its bright side and downside: while it means that manyworkers are able to enjoy new challenges, if there is no social protection tomatch the new flexible labor market, it also generates uncertainty for manyworkers.More positively for most involved, the fact that work is increasingly organizedaround projects means that people are given more power to self-managetime. As work is increasingly defined by results, workers get more freedom tocustomize the ways in which they can achieve these results. Workers can useIT to give them more freedom in relation to time and place and to combinetheir work and leisure lives more flexibly.This development is again linked to innovation: not everyone’s creativerhythm (not to mention other aspects of life) runs from 9 a.m. to 5 p.m. everyday, so it makes sense for companies to allow individual patterns of creativity.In addition, the work produced is not primarily a function of the time taken (asit was in the industrial economy, for example, on the assembly line), but theproduct of work is primarily a function of innovation.All of this does not mean any idealistic relationship to time. It certainlydoes not mean anything like the hype of “telecommuting,” which has notbecome a significant part of real working life. (This is another example of

428 Pekka Himanenhype in which the focus is on the technical surface of the Internet, while themuch more important structural changes of the economy are missed.) Thereare many creative jobs that require a lot of physical presence at particulartimes. Furthermore, there are a lot of routine jobs where the workers havepractically no control over time. Again, the development has both a positiveand a negative side: for many workers it provides a real opportunity to patternwork and other aspects of life in a way that better suits one’s own situation,but at the same time there is the risk that flexibility remains only an elitistpossibility or that flexibility is misused at the cost of leisure time so that thebalance between work and family life becomes unsustainable.However, these reservations do not change the fact that there is now a newstructural flexibility. And Weber’s description of the Protestant ethic’s relationshipto time clearly does not fit the observed dominant trend in the developmentof the informational economy. The relationship to time has to beredefined because work is now primarily defined by projects and results ratherthan fixed hours in a certain location, and because the line between work andleisure has been made more flexible by the new information technology.THE MONEY ETHICAs for the third element in Weber’s analysis of industrial capitalism, its relationshipto money, here informational capitalism continues its spirit in animportant way. As in the industrial economy, money is still a goal in itself. Theinformational age is at least as money-centered as the industrial age. Thegrowing role of the financial markets – where money is made from money –is a good symbol of this.But, at the same time, this symbol of the informational economy alsoreveals that there has been an important shift in the relationship to money inthe new economy that is different from industrial capitalism and yet continuesto be capitalist. In the Protestant ethic, both work and maximizing money aredescribed as goals in themselves. However, these goals can come into conflict.If one really puts work first as the highest value, one is ready to work even ifit does not maximize one’s income (it is a duty). And if one really puts moneyas the highest value, work becomes only one means to that goal. Makingmoney without working would be the ideal. But the idea of living idly on anincome from stocks investments is the very opposite of the Protestant ethic’sideal. So, at bottom, the Protestant ethic resolves the conflict between workand money as goals in themselves by placing work as the higher goal.This is where there is a difference between informational and industrialcapitalism. On a societal level, money has become the higher goal. In fact, theidea of making money directly from money in the stock markets is idolized.

The hacker ethic 427THE FLEXIBLE RELATIONSHIP TO TIMEThe second element of Weber’s concept of the Protestant ethic is its relationshipto time. Weber describes the ideas of systematic work time and of optimizingtime. In the informational economy, time is still money. Time isoptimized to an even greater extent than in the industrial a<strong>ge</strong>. This is clear inthe global financial markets where the speed of chan<strong>ge</strong> is unprecedented.Companies have to be more and more agile in reacting to developments intheir environment. And, for individuals, there is even a sense of continuousemer<strong>ge</strong>ncy in their work where everything has to happen faster and faster. Thepresent optimization of time continues the trend that started in the industrialeconomy.But there is also a new feature of the informational a<strong>ge</strong> that can be seen inits culture. Information technology makes it possible to transcend time andplace. It makes both global real-time operation and operation in “un-real” timepossible. The latter refers to the fact that IT systems facilitate a way of doingthings, in which contributions to a process do not have to be made in synchronoustime. This means a new, more flexible relationship to time, which breaksthe mold of everyone working in the same sequential time. This results in thepossibility of organizing one’s own time and of living one’s life in a new way.The informational economy’s structural equivalent to this flexible relationshipto time is project-based work. This is why few people any lon<strong>ge</strong>r have theindustrial economy’s paradigmatic life-long career in the same job, a developmentthat has both its bright side and downside: while it means that manyworkers are able to enjoy new challen<strong>ge</strong>s, if there is no social protection tomatch the new flexible labor market, it also <strong>ge</strong>nerates uncertainty for manyworkers.More positively for most involved, the fact that work is increasingly organizedaround projects means that people are given more power to self-mana<strong>ge</strong>time. As work is increasingly defined by results, workers <strong>ge</strong>t more freedom tocustomize the ways in which they can achieve these results. Workers can useIT to give them more freedom in relation to time and place and to combinetheir work and leisure lives more flexibly.This development is again linked to innovation: not everyone’s creativerhythm (not to mention other aspects of life) runs from 9 a.m. to 5 p.m. everyday, so it makes sense for companies to allow individual patterns of creativity.In addition, the work produced is not primarily a function of the time taken (asit was in the industrial economy, for example, on the assembly line), but theproduct of work is primarily a function of innovation.All of this does not mean any idealistic relationship to time. It certainlydoes not mean anything like the hype of “telecommuting,” which has notbecome a significant part of real working life. (This is another example of

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