by Mark Thoma, University of Oregon (Department of Economics)

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Paul Krugman: Bits, Bands and Books

Posted on June 06, 2008

In the new era, the ancillary market is the market :Bits, Bands and Books, by Paul Krugman, Commentary, NY Times: Do you remember what it was like back in the old days when we had a New Economy? In the 1990s, jobs were abundant, oil was cheap and information technology was about to change everything. Then the technology bubble popped. Many highly touted New Economy companies, it turned out, were better at promoting their images than at making money although some of them did pioneer new forms of accounting fraud. ...So much, then, for the digital revolution? Not so fast. The predictions of...

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economic models , economy , oil