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Competing under the same old rules

The dynamics of the new economy are not so far removed from those of the traditional business world. Network externalities and compatibility standards do not have the significance people think.

A guide to get-rich-quick scams

The internet bubble bears some resemblance to a Ponzi scheme: a brief history of such schemes is informative.

Stretching the figures

“Do the math” has become the mantra of a generation of consultants and investment bankers. The new economy, they claim, requires new principles of valuation. But the rules of logic hold even in cyberspace, and so do the principles of economics. Profits are hard to earn in competitive businesses, and markets that are not competitive are usually regulated.

Young surfers catch a wave

The Parable of Dot, Com and Uncle Sam. Where exactly is Uncle Sam’s money going?

How real is the New Economy? A debate between John Kay...

With a sense of historical perspective that is submerged by today's e-babble, we can see that some of these dreams will have to become reality simply to ensure that the pace of change over the next century is as rapid as the pace of change has been over the last two centuries.

Swiss in time with technology

If you really want to find the New Economy - and the underestimation of productivity gains - look no further than Switzerland.

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