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Disintermediation: the Rise of the Personal Computer and the Internet in the Late Twentieth Century

Author

Listed:
  • Richard N. Langlois

    (University of Connecticut)

Abstract

This paper is an excerpt from a larger book project called The Corporation and the Twentieth Century, which chronicles and interprets the institutional and economic history – the life and times, if you will – of American business in the twentieth century. This excerpt details the history of the personal computer industry and the Internet. It highlights the process of entrepreneurship and decentralized learning in these industries, and it considers the role of industrial and trade polices (in both the U. S. and Japan) in semiconductors and the development of the Internet. The excerpt ends with a consideration of U. S. v. Microsoft at the close of the century.

Suggested Citation

  • Richard N. Langlois, 2021. "Disintermediation: the Rise of the Personal Computer and the Internet in the Late Twentieth Century," Working papers 2021-12, University of Connecticut, Department of Economics.
    • Handle: RePEc:uct:uconnp:2021-12
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    More about this item

    Keywords

    Innovation; technological change; entrepreneurship; industrial policy; antitrust;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • N62 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: 1913-
    • N82 - Economic History - - Micro-Business History - - - U.S.; Canada: 1913-
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises
    • P - Political Economy and Comparative Economic Systems
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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