The Internet Depression (Paperback, 1st paperback ed)

The first journalist to herald the New Economy of the 1990s now predicts a stunning, sharp downturn: why it will happen, when it's coming, and what will happen afterward. The economist most renowned for predicting the New Economy of the 1990s now returns - just as books like The Long Boom and Dow 36,000 are turning the idea of perpetual prosperity into conventional wisdom - to say that the dominating economic event of the next few years is likely to be a deep recession, perhaps even a depression. Michael J. Mandel begins The Coming Internet Depression by explaining why just such a depression is not only possible but increasingly likely. His explanation is based in a comparison of the present period with the 1920s: both saw tremendous growth in GDP that was largely centered on the hypergrowth of a single industry - automobiles in the 1920s, information technology today. When this hypergrowth reverts to a normal growth pattern, as the automobile industry did in 1929, the resulting overcapacity will slow down the entire economy.

General

Imprint:	BasicBooks
Country of origin:	United States
Release date:	October 2001
First published:	October 2001
Authors:	Michael J. Mandel
Dimensions:	204 x 135 x 13mm (L x W x T)
Format:	Paperback
Pages:	192
Edition:	1st paperback ed
ISBN-13:	978-0-465-04359-0
Categories:	Books > Business & Economics > Business & management > General Books > Computing & IT > Social & legal aspects of computing > Impact of computing & IT on society Books > Business & Economics > Economics > Microeconomics > General
LSN:	0-465-04359-3
Barcode:	9780465043590

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