New Economy and
January 28th, 2010 by thesuper

New Economy and economic laws until the crisis of the dot-com, there were two conflicting views about the relationship between the new economy and economic laws: On the one hand, some observers argued that the New Economy with conventional economic theory was something the past and this new way of doing business would revolutionize the traditional economic laws. The ideas held by Kevin Kelly, later embodied in his book “New Rules for the new economy,” encouraged a radical idea: conventional economic theory, economics, as it was known, was a thing of the past. This line of thought was dominant until 2000, and was the intellectual support of all the scene of the first stage of the new economy during its spectacular launch in 1995-2000.Furthermore, a second view argued that the economy with its basic concepts and tools remains as ever, but from the spread of new technologies, has created a new business model that gradually is increasing efficiency and offering the customer products and services ever closer to demand it. Thus, if we interpret the term new economy in the sense of economic principles governing the operation of business, any new development there, which has been generated, are new business models that can be profitable and / or have achieved greater efficiency in existing businesses. In the words of Shapiro and Varian “Technology changes, economic laws do not,” the foundations of industrial economics and the economics of information are the same.What changes is the relevance of certain economic ideas that can interpret its own conduct business where premium information management, which had limited application in industrial enterprises. It seems that after the crash of the stock exchanges that began in 2000 and is known as, this second interpretation is the most accepted, however (Brian Arthur) believes that now coexist two different economic realities in the traditional economy applies the law of diminishing returns, while the Law of increasing returns is typical of knowledge-based areas, “The economy of today is divided into two interconnected worlds – are two different worlds with different economic logics “(…)” is a mistake to insist that what works in one, work on the other. “

Comments are closed

»  Substance:WordPress   »  Style:Ahren Ahimsa