Advanced Search
MyIDEAS: Login

What is left of the new economy?

Contents:

Author Info

  • Kamil Janáček

Abstract

There is no proof that a new paradigm of economic theory has been enthroned, rending old economic laws invalid. According to followers of the new paradigm, knowledge creation transformed into new products of information industries should bring increasing returns, accelerate growth to rates unseen in the past, ensure low inflation with full employment, and free the economy from the business cycle. They see a productivity increase of 3 - 4 % annually as sustainable in the long run. Critics of the new paradigm argue that productivity increase in the USA in the last decade was predominantly cyclical and will not be sustainable, that the information technologies so far had little positive impact on the rest of the economy, and that the business cycle is far from being dead.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.vse.cz/polek/abstrakt.php?IDcl=353
Download Restriction: free of charge, full text delayed 1 year

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by University of Economics, Prague in its journal Politická ekonomie.

Volume (Year): 2002 (2002)
Issue (Month): 2 ()
Pages:

as in new window
Handle: RePEc:prg:jnlpol:v:2002:y:2002:i:2:id:353

Contact details of provider:
Postal: nam. W. Churchilla 4, 130 67 Praha 3
Phone: (02) 24 09 51 11
Fax: (02) 24 22 06 57
Web page: http://www.vse.cz/
More information through EDIRC

Order Information:
Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Email:
Web: http://www.vse.cz/polek/

Related research

Keywords: business cycle; total factor productivity; new economy; productivity growth; monetary and fiscal policy;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:2002:y:2002:i:2:id:353. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vaclav Subrta).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.