Abstract

The arrival of the 2001-2003 recession caused many to suppose that the so-called "New Economy" was now defunct. This article addresses a number of related issues, including the question of the durability and viability of business cycles in the face of the technological developments of the information age. It asks what went wrong with the New Economy and examines its characteristics as well as its remaining possibilities and prospects for the future. Finally, it considers the spread of the Information Economy to Europe, especially to Germany, the country that one might expect to be the leading European player, but which is not at present actually a strong competitor for that role.

Original Publication Citation

The New Economy is Dead, Long Live the Information Economy, Intereconomics: Review of European Economic Policy, Volume 38, Issue No. 5, September, 23, pp. 276-282. http://www.springerlink.com/content/yx8t7g5334k244/ http://www.intereconomics.eu/archiv/suche.php

Document Type

Peer-Reviewed Article

Publication Date

2003-09-01

Permanent URL

http://hdl.lib.byu.edu/1877/2811

Publisher

Springer Verlag

Language

English

College

Family, Home, and Social Sciences

Department

Economics

Included in

Economics Commons

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