The Internet Depression: The Boom, The Bust And Beyond

Abstract

How the technological boom that led to the U.S. economy's unprecedented expansion continues to carry a potentially lethal backlash. The Coming Internet Depression is the one book that offers a rational method for making the best of tech-driven economic downturns. Michael Mandel, the economist most renowned for predicting the New Economy of the 1990s, was one of the first to predict the next major economic event-a sharp, severe downturn that devastated the tech sector, sent the stock market plummeting, and wreaked havoc across the entire economy. Mandel describes how the very strengths that drive the New Economy -from the dominance of venture capital to the rapid pace of innovation to the flexibility of the work force-are coming back to haunt us. In this new paperback edition he addresses the next stage of the Internet Depression in a new preface.

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