A New Economy? Created: 2000-01-01 Last Modified: 2000-01-01 Go to Brad DeLong's Home Page http://www.j-bradford-delong.net/

What Kind of an Historical Turning Point?

J. Bradford DeLong
http://www.j-bradford-delong.net/
delong@econ.berkeley.edu

 

Three Perspectives

• W. Brian Arthur.
  
  • Economies of scale and network externalities.
    
  • Heightened risks and heightened rewards.
    
    
• Manuel Castells.
  
  • The economy (and society) are rooted in technological paradigms.
    
  • The industrial economy was rooted in the application of non-human sources of energy to the shaping of matter.
    
  • The network economy will be rooted in the application of modern computing and communications technologies to the shaping of organizations.
    
  • What is a network economy? Think of the transformation of Hollywood over the past fifty years. Then square it.
    
    
• J. Bradford DeLong.
  
  • My thoughts are less organized (hence possibly less useful).

 

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