New Economy Handbook

The New Economy Handbook will primarily serve reference users in business schools, economics departments, public and university libraries, special libraries, and institutions/agencies concerned with finance, trade, e-commerce, banking, and other regulatory, trade, and commercial activities. Secondary users will be business professionals and managers, as well as entrepreneurs, bankers, and others who need traditional economic information and data about new technology firms. Because of the scope of its table of contents, the book might well be used as a supplement to many courses. The revolutions that brought about the New Economy are quietly embedded in familiar, old products, not necessarily ringing, beeping, and vibrating next to our skins. Why is the bulky, battery-operated e-book the new economy, while Lockheed-Martin's swooping F-16 is consigned to the Old Economy? The information technology boom of the 1990s stoked a New Economy characterized by surging output per worker but with hard-to-measure and vulnerable underpinnings. Faster productivity is, of course, the key to higher living standards. The most important aspect of the New Economy might not, therefore, be the shift to high-tech industries, but the way that Information Technology improves the efficiency of all parts of the economy. This collection of original essays offers the first thorough investigation of the New Economy. Its poignancy is even more apparent in the wake of the 1990s technology bubble. Articles share a format that encourages accessibilty, including an outline, glossary, and summary, and an extensive index adds utility. Written for students and scholars seeking authoritative data and perspectives.

Table of Contents:
Preface Introduction to the Handbook A Statistical Portrait of the New Economy The New Economy in Historical Perspective: Evolution of Digital Electronics Technology Data Issues in the New Economy The Adoption and Diffusion of ICT Across Countries: Patterns and Determinants Information Technology and Productivity Growth Across Countries and Sectors Auction Theory for the New Economy Cyberspace Auctions and Pricing Issues: A Review of Empirical Findings Internet and Pricing Issues: Relationship of Prices Charged by Fixed Price Vendors in Cyberspace and Those in Bricks and Mortar Stores Information Technology and Productivity Gains and Cost Saving in Companies Adoption of New Technology Is an Auction the Best Market Mechanism for Digital Goods? The Implications of the New Economy for Industrial Location Digital Goods and the New Economy The Economics of Automated E-Commerce The New Economy and Networking The New Economy: Implications for the Organization and Structure of Securities Markets The New Economy: Pricing of Equity Securities The New Economy and Banks and Financial Institutions E-Money and Payment Systems Accounting Issues in the New Economy New Electronic Trading Systems in Foreign Exchange Markets The Internet and Matching in Labor Markets Who Uses Computers and In What Ways: Effects on Earnings Distribution The New Economy and the Organization of Work Skill Based Technology Change in the New Economy The New Economy and the Impact of Immigration and the Brain Drain The New Economy and Forms of Compensation Regional Origins of the New Economy Venture Capital in the New Economy Business Models in the New Economy Growth and Innovation in the New Economy International Productivity Convergence in the New Economy: More or Less Likely? The New Economy and Business Cycles Macro Policy-Making in the New Economy The Digital Divide and What to Do About It Property Rights in the New Economy Taxation and the New Economy Regulation and the New Economy Privacy (E-Snooping) and Security in the New Economy Policy Issues and the New Economy for Developing and Transition Economies The New Economy and International Trade Intellectual Property Rights in the New Economy International Governance of the Internet: An Economic Analysis E-Learning Trust in the New Economy Appendix References Index

About the Author :
Derek Jones has been a member of the faculty at Hamilton College for more than 25 years. He has been a Research Fellow at the Davidson Institute, Visiting Professor at the London Business School, Visiting Scholar at Cambridge University, Research Fellow at Manchester University and Warwick University, and Visiting Fellow at Copenhagen Business School, the Arbetslivcentrum (Stockholm) and the European University Institute (Florence)

Review :
"The stock market bubble may have popped, but the lessons live on. This fascinating book uncovers and exposes the new ideas and rules that sparked an economic revolution. " Todd G. Buchholz, author of NEW IDEAS FROM DEAD ECONOMISTS "This book provides the most comprehensive exposition to date of the micro and macro-economic aspects of the new economy. Lucid theoretical and empirical analyses are nicely complemented by sectoral perspectives on efficiency and equity, which will be of great value to policymakers." Aaditya Mattoo, Senior Economist, World Bank