57611. Tools for Thought: What Is New and Important About the "E-conomy"?
- Author:
- John Zysman, Stephen S. Cohen, and J. Bradford DeLong
- Publication Date:
- 06-2000
- Content Type:
- Working Paper
- Institution:
- Berkeley Roundtable on the International Economy
- Abstract:
- There are eras when advancing technology and changing business organizations transform economies and societies. Such episodes do not just amplify productivity in one leading sector. Instead, they give all economic sectors powerful new "tools." Today we are living through such a transformation in our economic landscape, a transformation that warrants a new name: the "E-conomy." Information technologies, data communication and data processing technologies, are tools to manipulate, organize, transmit, and store information in digital form. They are tools for thought that amplify brainpower in the way the technologies of the Industrial Revolution amplified muscle power.
- Topic:
- Economics, Industrial Policy, and Science and Technology