Cover image for The dot-com debacle and the return to reason
The dot-com debacle and the return to reason
Nevaer, Louis E. V.
Personal Author:
Publication Information:
Westport, Conn. : Quorum Books, 2002.
Physical Description:
xvi, 317 pages ; 24 cm
Format :


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HF5548.32 .N48 2002 Adult Non-Fiction Central Closed Stacks

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The bubble burst. Within months, dot-com once-millionaires were scratching around for jobs. Nevaer proves that the laws of classical economics were never repealed, and that the New Economy was more Old Economy than many people believed. His briskly provocative new book shows how the return of common sense is opening fresh opportunities for wealth creation in badly battered industries--the entertainment industry especially--and offers five keys to understanding the online economy overall. The crash, says Nevaer, was inevitable. Characteristics of the New Economy created market imperfections that led to total failures. The negative effects were not isolated. They hurt the whole economy. The online community also fostered undesired social outcomes--pathological consumer behavior--but the potential for more beneficial gains is still indisputable.

Nevaer applies the fundamental theories and ideas of classical economics to the world online, providing a concise understanding of what properly belongs to the Old Economy, and what belongs to the New. He examines the real--that is, sustainable--components of the New Economy centered on five industries: publishing, music, video games, and, to some dismay, gambling and adult entertainment. Meticulously researched and documented, Nevaer's book is an authoritative, probing account for analysts, researchers, students, and scholars. As a study of American culture and society, it is an entertaining read for knowledgeable people everywhere.

Author Notes

Louis E.V. Nevaer is an economist, entrepreneur, consultant, editor, and formerly a publisher of newsletters for top management in international finance

Table of Contents

Acknowledgmentsp. ix
Introductionp. xi
Part I Everything Old is New Againp. 1
1 Reports of the Birth of the "New Economy" are Greatly Exaggeratedp. 3
2 Why the Laws of Economics Apply in Cyberspacep. 21
3 The Tyrannies and Dilemmas of E-Commercep. 37
4 Private Wants, Public Needs, and the Seismic Shift in the Economic Landscapep. 59
5 Doing Old Things in a New Wayp. 85
Part II The Entertainment Economy Onlinep. 113
6 The Unprinted Wordp. 115
7 Like Music to My Hard Drivep. 145
8 "Surrender or Die You Foolish Mortals!"p. 179
9 The Wheel of Misfortunep. 211
10 Pornography for Everyonep. 237
11 The End of Privacy and Fetish Desire Onlinep. 267
Conclusionp. 279
Bibliographyp. 287
Indexp. 297