How many times over the past decade have you heard glowing reports about the “New Economy”? hundreds, maybe thousands of times, right? Those of you who have been living on a desert island of who are reading this book fifty years from now can experience the same thing vicariously through figure 1-1, which displays the accelerating frequency with which the global media have been referring to the “New Economy” year after year. It’s been everywhere. Economists celebrate the broadening “service economiy” and proclaim that economic growth in the new information Age has been “unprecedented” in its vibrancy, resilience and scope. Rhetoric is cheap. Evidence is something else. What would you say if you discovered that we have not had anything near a new economy, that all that talk is a lie? [download]
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