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The Y2K scare: causes, costs and cures

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  • John Quiggin

    ()
    (Department of Economics, University of Queensland)

Abstract

The worldwide scare over the 'Y2K bug result in the expenditure of hundreds of billions of dollars on Y2K compliance and conversion policies. Most of this can be seen, in retrospect, to have been unproductive or, at least, misdirected. In this paper, the technological and institutional factors leading to the adoption of these policies are considered, along with suggestions as to how such policy failures could be avoided in future.

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Paper provided by Risk and Sustainable Management Group, University of Queensland in its series Australian Public Policy Program Working Papers with number WPP04_1.

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Date of creation: Feb 2004
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Handle: RePEc:rsm:pubpol:p04_1

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Keywords: Y2K; moral panics;

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  1. Quiggin, John, 1987. "Egoistic Rationality and Public Choice: A Critical Review of Theory and Evidence," The Economic Record, The Economic Society of Australia, The Economic Society of Australia, vol. 63(180), pages 10-21, March.
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