BSAD 8480





Fall 2003

(last revised:  September 19, 2003)



Arthur Diamond


Office:  RH 512E


Office Phone:  (402) 554-3657


Office Hours:  12:45-2:00 PM Tues. & Thurs.; and by appointment.


Email address:


World Wide Web home page:



Course Objectives:


Economics consists of tools of analysis that have proven useful in explaining a wide variety of human behavior.  Roughly one third of the course aims to familiarize the student with those tools from price theory in general, and the theory of the firm in particular, that promise to be especially useful to the business manager in anticipating and affecting the economic situation of the firm.  Included in this part of the course will be:  the basic tools of supply and demand, the determinants of demand, and the general prospects for accurate economic forecasting.  Roughly the other two thirds of the course will focus on the main driver of economic growth, opportunities for profit, and risks due to a changing environment:  new technology, with a special emphasis on e-business.  One of the aims of this part of the course to see if we can reach useful generalizations about which new technologies and eBusiness models are likely to succeed and which are likely to fail.





Economics custom McGraw-Hill Primis Online selection from:  Brickley, Smith & Zimmerman.  Managerial Economics And Organizational  Architecture, 3rd ed., McGraw Hill, 2003.  [ISBN # 0-390-36787-7]


Christensen, Clayton M.  The Innovator's Dilemma:  The Revolutionary Book that Will Change the Way You Do Business.  Harper Books, 2000.  [ISBN # 0-06-662069-4] {paperback edition}


Foster, Richard and Sarah Kaplan.  Creative Destruction:  Why Companies that Are Built to Last Underperform the Market---and How to Successfully Transform Them.  Currency Books, 2001. [ISBN # 0385501331],


Gates, Bill.  Business @ the Speed of Thought.  New York:  Warner Books, 2000.  [ISBN # 0446675962] {paperback edition}


Gilder, George.  Telecosm:  The World After Bandwidth Abundance. Touchstone Books, 2002. {paperback edition} [ISBN # 0743205472]


Grove, Andrew S.  Only the Paranoid Survive:  How to Exploit the Crisis Points that Challenge Every Company.  Bantam Books, 1999.  [ISBN # 0385483821] {paperback edition} {Warren Buffet says this is a great book.)


Shapiro, Carl and Hal R. Varian.  Information Rules:  A Strategic Guide to the Network Economy.  Boston:  Harvard Business School Press, 1999. [ISBN # 0-875-84863-X]



Summary of Readings Assignments:


Read Brickley, Smith and Zimmerman text, Chs. 1-7 (omit the appendices in Chs. 4 and 5).




Ch. 1:  pp. 1-8

Ch. 2:  pp. 12-19 (up to “Indifference Curves”); pp. 25 (from “Motivating Honesty at Merrill Lynch”) – 33 (up to “Decision Making under Uncertainty”)

Ch. 3:  pp. 41-67

Ch. 4:  pp. 71-90 [omit the appendix]

Ch. 5:  pp. 103-108 (up to “Choice of Inputs”); pp. 114 (from “Costs”) – 117 (up to “Short Run versus Long Run”); pp. 120 (from “Minimum Efficient Scale”) – 124 [omit the appendix]

Ch. 6:  pp. 133 – 147 (up to “Output Competition”); pp. 150 (from “Empirical Evidence”) – 153

Ch. 7:  pp. 171 (from “Price Discrimination—Heterogeneous Consumer Demands”) – 176 (up to “Bundling”)


Read Foster and Kaplan, Creative Destruction, Introduction (pp. 1-6); Ch. 1 (pp. 7-24); Ch. 4 (pp. 90-124); Ch. 12 (pp. 288-296).


Read Grove, Only the Paranoid Survive, initial Schumpeter quote; Preface (pp. 3-7); Chs. 1-2 (pp. 11-35).


Read Christensen, The Innovator’s Dilemma, Introduction (pp. xi-xxxii); Ch. 1 up to appendix 1.1 (pp. 3-26); Ch. 11 (pp. 257-261).


Read Gates, Business @ the Speed of Thought, Introduction (pp. xiii-xxii), Ch. 1 (pp. 3-21).


Read Gilder, Telecosm, Prologue (pp. 1-11): Chs. 6-9 (pp. 61-109); Ch. 11 (pp. 132-146).


Read Shapiro and Varian, Information Rules, Preface (pp. ix-x), Ch. 1 (1-51).



Course Outline:


The course outline is tentative for several reasons.  One is that I have an invitation out to an outside speaker, and we will need to accommodate his preferences in day and time.  Another reason for tentativeness is the desire to make modifications in the schedule based on student interests, current events, and my own efforts at continuous quality improvement.



Assignment to prepare for Session 1:


Read Brickley, Smith and Zimmerman text, Chs. 1-3.  [See “Summary of Reading Assignments” on p. 2 of this syllabus for pages assigned.]


Work on reading book you selected for your critical review.




Session 1—September 26:


Main topics:


·        Why technology matters.


·        What to expect from course.


·        Basic price theory:  supply and demand.


·        Elasticity.


·        Research tools in economics of technology and eBusiness; writing and presenting clearly.


·        Double Oral Auction experiment.



Assignment to prepare for Session 2:


Read Brickley, Smith and Zimmerman text, Chs. 4-7 (omit the appendices in Chs. 4 and 5).  [See “Summary of Reading Assignments” on p. 2 of this syllabus for pages assigned.]


Read Foster and Kaplan, Creative Destruction, Introduction (pp. 1-6); Ch. 1 (pp. 7-24); Ch. 4 (pp. 90-124); Ch. 12 (pp. 288-296).


[The Grove and Christensen books below, will not be discussed for a couple more sessions, but are “assigned” here, to clear time for other activities, like studying for the midterm, and preparing the papers/presentations.]


Read Grove, Only the Paranoid Survive, initial Schumpeter quote; Preface (pp. 3-7); Chs. 1-2 (pp. 11-35).


Read Christensen, The Innovator’s Dilemma, Introduction (pp. xi-xxxii); Ch. 1 up to appendix 1.1 (pp. 3-26); Ch. 11 (pp. 257-261).


Continue reading book you selected for your critical review.





Session 2—October 10:


Main topics:


·        The goals of the firm.


·        Production and costs.


·        Pure competition model.


·        Economics as optimizing at the margin; implications for internal firm pricing; implications for management theories promoting "teams," "just‑in‑time," and "total quality management."


·        Standard account of monopoly.


·        Price discrimination.


·        In between competition and monopoly.


·        The standard account of monopolies vs. Schumpeter's process of "creative destruction."


·        Government regulation of firms.


·        The law of comparative advantage and international trade.


·        Economic analysis of "Buy the Big O First" campaign.



Assignment to prepare for Session 3:


Study for midterm.




Session 3—October 24:


Main topics:


·        2 hour midterm


·        Application of economics to International Experience projects.


·        Economic vs. mechanical forecasting.


  • The “New Economy”:  Historical Precedents.




Assignment to prepare for Session 4:


Read Gates, Business @ the Speed of Thought, Introduction (pp. xiii-xxii), Ch. 1 (pp. 3-21).


Complete reading and writing for critical review.


Choose topic for second presentation/paper and email choice to Diamond.




Session 4— November 7:


Main topics:



Presentation by Walter Scott, former CEO of Peter Kiewit.


·        3-5 page critical reviews due.


·        Student 3-5 minute oral summaries of critical reviews.



Assignment to prepare for Session 5:


Read Gilder, Telecosm, Prologue (pp. 1-11): Chs. 6-9 (pp. 61-109); Ch. 11 (pp. 132-146).


Read Shapiro and Varian, Information Rules, Preface (pp. ix-x), Ch. 1 (1-51).



Work on research for short paper/presentation.




Session 5— November 14:


Main topics:


·        Discussion of Only the Paranoid Survive.


·        Discussion of The Innovator’s Dilemma.


·        Discussion of Creative Destruction.


·        Discussion of Business @ the Speed of Thought.


o       Does eBusiness Make the Market More Efficient:  Prices, Information, and Variety of Products.


o       Does eBusiness Make Firms More Efficient:  Marketing, Forecasting, Inventory/Production, Human Resources; Decentralization.


o       Does eBusiness Benefit the Worker, and the Small Firm?


·        Discussion of Telecosm.


o       The Economics of Infrastructure and Bandwidth.


·        Discussion of Information Rules.


o       Exploration and analysis of auction sites.



Assignment for Session 6:


Complete technology (or eBusiness) 7 page paper and technology (or eBusiness) 5 minute presentation.




Session 6—November 21:


Main topics:



·        Technology (or eBusiness) 7 page paper due.


·        Technology (or eBusiness) 5 minute presentations.


·        Course evaluation.


  • The “New Economy”:  Future Prospects and Recent Analyses.


·        Practical Issues in Successful eBusiness:  the Matrix of Change.





Grades will be based on: a midterm (30 points), an early 3-5 page critical review (30 points), a later 7 page paper (50 points), an early 3-5 minute presentation (5 points), and a later 5 minute presentation (15 points), a take-home integrative essay final (40), emphasizing the readings and presentations on the technology and eBusiness portions of the course.  The total number of points in the course is 170.


The grading scale for the course will be no harsher than the following standard scale: 









93- 96



90- 92



87- 89



83- 86



80- 82



77- 79



73- 76



70- 72



67- 69



63- 66



60- 62



59 or less

101 or less



Missing Tests or Deadlines:

            Handing in a paper late, or giving a presentation late, or getting a test done late, will result in a 10% penalty for up to three weeks late, 15% penalty for 3-5 weeks late, 20% penalty for 5-7 weeks late, etc.  With credible explanation, each student may be late in completing an assignment once during the semester (for up to three weeks), without accruing any penalty.

            Any student who misses more than two full class sessions, will be given an incomplete for the course and will need to take the course again the following year. 


Critical Review and Presentation:

Each student will write a three to five page critical review that summarizes and evaluates a book published in the past five years that appears to treat some business-relevant aspect of technology, innovation, or eBusiness.  The student will also give a three to five minute oral PowerPoint presentation of the critical review.  The written critical review, and associated PowerPoint slides, should be submitted in paper form and also in digital form in Diamond’s digital drop box in Blackboard.  Please name the file with an abbreviated title of your book.  The review, with due attribution to you as the author, will be posted either to Blackboard or to Diamond’s web site (or both) for future students to read and study.



Short Paper and Presentation:

            Each student will select a current technology or e-business whose future profitability is a matter of serious disagreement among knowledgeable observers.  The point is that to be an interesting and challenging case, the technology or eBusiness must be one where there is some disagreement about its future success or failure.  The short paper should be submitted in paper form and also in digital form in Diamond’s digital drop box in Blackboard.  The short paper, with due attribution to you as the author, will be posted either to Blackboard or to Diamond’s web site (or both) for future students to read and study.



Instructions for Writing (Applies Both to Critical Review of Book, and to Technology/eBusiness 7-Page Paper)


The analysis should be written to be understandable by the CEO of an average, middle‑sized firm.  That means you should assume that you are writing for someone who is intelligent, interested, and short on time.

The body of the critical review should be three to five pages, not counting the title page.  A bibliography should be included that gives a full citation for the book reviewed.  (Meaning:  authors, full title, city of publication, publisher, and year of publication.)  No other sources need be used for the critical review, but if they are, the sources should be included in the bibliography.

The body of the paper (not including title page and bibliography) should be seven pages in length.  Each page in the body of the paper should be consecutively numbered.  All pages of both the critical review and the short paper should be double spaced, with a 12 point font size.  Margins should be an inch and a half all around, to accommodate the instructor’s poor handwriting.  Please do not put your paper in a special binder that would limit the space for my comments.  Instead, staple or clip it together.

            Endnotes should be used only if really necessary.  When a source is used in the text, internal references should be given in the text that consist of a parenthetical mention of the author's last name, the date of the publication and a specific page number (if appropriate).  Copying the work of others without attribution is a form of intellectual theft known as plagiarism, and is a major offense among scholars (and other civilized people).  For each brief parenthetical reference, a complete bibliographic reference should be provided in the Bibliography.  For bibliography form, use the sample bibliography, provided later in this syllabus.  For issues not covered in the sample bibliography, use style form A as discussed in The Chicago Manual of Style (e.g., see section 16.5 in the 13th edition).  Before you turn in your final draft, be sure to submit it to a spell‑checking program (available with all major word‑processing programs).

As you work on the text of your critical review or paper, be sure to periodically backup your latest draft onto a floppy disk.  Also be sure to keep a clean copy of your paper for your files‑‑the copy you turn in to me will be marked‑up in red ink.



Critical Review of a Monograph on Technology, Innovation, or eBusiness

The review should summarize the substantive content of the book, stating the main themes or theses in each major section.  The review should state the intended audience for the book, the clarity of the writing style, and the accuracy and usefulness of the information and analysis in the book.  The first PowerPoint slide for the presentation should include the presenter’s name, the date of presentation, the book authors, and book title.



7 Page Paper Options


Option 1:  New Technology 7-Page Paper Option:

The main goal of option 1 is to help us get a jump on what future technologies may be important in the future.  Importance can be discussed in several senses.

ü      Will it be possible to make this technology “work” (i.e., do what the projections say it will do).

o       If so, at what cost?

ü      Will this technology ever be widely used in the economy?

o       What will the costs of production be?

o       What utility will it provide to the market? 

ü      If so, how great a contribution will it make to economic growth?

o       Will it be a “general purpose” technology? 

o       How much of an improvement will it be over the next-best alternatives?

ü      How likely will this technology be an opportunity for corporate profit?

o       If yes, is it likely to be successfully developed by the firms currently developing it, or by others later on?


To answer the above questions, some of the following issues will often be relevant:

·        How compatible is the new technology with current technology and human capital?

·        Does this technology increase consumer utility at a price that enough consumers are willing to pay?

·        What are the substitutes or competitors for this technology?

·        Is the firm size appropriate for introducing this new technology (issues of access to capital, flexibility of structure, etc.)?

·        Is the government regulating or subsidizing this technology (or apt to do so in the future)?

·        Does the firm have access to the necessary science (either internally by employing scientists, or externally through relationships with universities or industry consortiums)?


Below I have listed some sources of ideas for possible future technologies and some specific examples:

Some sources:

examples from your company's current experience

examples from your own current experience

examples from your reading of current articles or books

examples from 2001-2003 "Developments to Watch" from Business Week

examples from Business 2.0, or Technology Review


Some possible examples:

Wireless sensor networks (Technology Review Feb. 03, p. 37)

Injectable tissue engineering (Technology Review Feb. 03, p. 38)

Mechatronics (Technology Review Feb. 03, pp. 40-41)

Grid computing (putting idle computer power to work) [e.g., Red Herring, 10/02, pp. 38-41; also:  Technology Review, 5/02, pp. 30-37; Technology Review Feb. 03, pp. 41-42]

Molecular imaging (Technology Review Feb. 03, p. 42)

Glycomics (Technology Review Feb. 03, pp. 46 & 48)

Electroactive polymers (Technology Review Dec. 02/Jan. 03, p. 32)

electronic paper (e.g., e Ink’s technology) [see:  MIT Technology Insider sample issue downloadble at]

G3 phone technology

Vocera communicator badge (allows communication without dialing or holding handset) [see. Business 2.0, 10/2002, p. 77]

Flash-OFDM (Flarion’s superfast wireless ‘G4’ technology) [e.g., Red Herring, 10/2002, pp. 35-37]

Flying cars (e.g., Moller’s skycar) (e.g., WSJ, 6/24/99, p. B1) (or CityHawk; Business 2.0, 6/2002, p. 22) (or Aeorcar, NYT, 9/2/02, pp. D1 & D8)

Some specific aspect of nanotechnology

            e.g., biosensors for diagnosis:  Technology Review, 5/2002, pp 61-66)

            e.g., carbon nanotubes (super-strong structures; mass production starting at Carbon Nanotech Research Institute (subsidiary of Mitsui & Co.); Business 2.0, 9/2002, p. 36)

            e.g., nano biomaterials (Technology Review, 11/02, p. 35)

            e.g., Nano solar cells (Technology Review Feb. 03, p. 38)

            e.g., Nanoimprint lithography (Technology Review Feb. 03, pp. 42-44)

Polymer memory (Technology Review, 9/02, p. 31)

fuel cells to power home (e.g, WSJ, 6/17/98, p. A27.; and World-Herald, 4/4/99, p. 9-F.)

electronic nose (e.g., WSJ, 4/30/98, p. B8.)

Cheap chip for talking to appliances (like refrigerators) (e.g., WSJ, 2/2/98, p. B8).

reusable rocket (e.g., on Rotary Rocket: World-Herald, 3/4/99, p. 20; more generally, WSJ, 3/5/98, p. B6.)

biochip interface (see WSJ ?/31/97, pp. B1 & B14.)

patentable stem-cell-related medical advances (e.g., the Geron company)



Option 2:  eBusiness 7-Page Paper Option:

Under this option, the student should provide information on:


·        The firm’s history.

·        The firm’s business model.

·        The economic plausibility of the firm’s business model.

·        The value over time of the firm’s stock, revenue, and profits.

·        The firm’s future prospects for profitability.

·        The analysis of the firm by “experts” in the press and elsewhere.


Experts can include, but should not be limited to, the stock sector analysts of the major investment firms.  Academic experts and reputable journalists should be given greater emphasis due to the frequent conflicts of interest among investment firm analysts.


Sources that will be searched for relevant information include the main eBusiness journal:  Business 2.0.  Students should also look for relevant information sources such as Lexis-Nexis, and the Yahoo Finance web site.


Among the companies that might be studied are the ones listed below.  Companies preceded by an asterisk have been added to the list more recently.


*Ask Jeeves (listed as “projecting higher operating profits” in World-Herald, 2/2/03, p. 2D)

Avistar Communications (AVSR); Gilder likes in 9/02 Report.


BlueArc (data storage; Gilder likes; N.Y.T., 3/27/01, c4; WSJ, 3/12/01, B1)

ContentGuard (digital rights company spun off of Xerox PARC; see:  Technology Review Jan./Feb. 2001, p. 101)

Digital Fountain (praised by Gilder)



* (listed as a publicly traded internet “money maker” in World-Herald, 2/2/03, p. 2D)

Hotwire (competitor to Priceline:  WSJ, 8/28/02, p. D2)

Infinera (1st integrated photonic circuit; Red Herring, 4/2002, pp. 41-44)

*InfoSpace, Inc. (listed as good chance for profits soon in World-Herald, 2/2/03, p. 2D)

Kazaa (a Napster replacement) (praised by Gilder)

*LivePerson, Inc. (manages online chat sessions for companies like  eBay and Microsoft; NYT, 4/23/03, p. C10)

*LookSmart (listed as “projecting higher operating profits” in World-Herald, 2/2/03, p. 2D)

*MarketWatch (listed as “projecting higher operating profits” in World-Herald, 2/2/03, p. 2D)


*Netflix, Inc. (see: Business 2.0 July 2003, pp. 41-43; listed as good chance for profits soon in World-Herald, 2/2/03, p. 2D)

* (listed as good chance for profits soon in World-Herald, 2/2/03, p. 2D)

*Overture Services, Inc. (listed as a publicly traded internet “money maker” in World-Herald, 2/2/03, p. 2D)




*Tropos Networks, Inc. (deploying wi-fi systems; NYT, 5/21/03, p. C3)

*USA Interactive (Barry Diller’s growing set of online companies, including Citysearch, NYT 3/10/03, p C6)

WorldStreet (peer-to-peer; WSJ 7/5/01, B6)


Also:  Any of the companies that Gilder discusses in his appendix entitled “Nine Stars of the Telecosm” in his Telecosm, except for JDS Uniphase and Broadcon, which have been done recently in a previous class.


Sample Form for Bibliographic References for the 7-Page Paper

The following sample bibliography is intended to illustrate the required reference format for several different kinds of publications.  The last entry is for a web resource, and gives an example where a lot of information is available---you may not always be able to provide quite as much detail, but should provide what you can.  (The last entry is adapted from:


Ackermann, Robert John. Data, Instruments and Theory. Princeton, N.J.: Princeton University Press, 1985.


Acs, Zoltan J., David B. Audretsch and Maryann P. Feldman. "Real Effects of Academic Research: Comment." The American Economic Review 82, no. 1 (March 1992): 363-367.


Adams, James D. "Fundamental Stocks of Knowledge and Productivity Growth." Journal of Political Economy 98, no. 4 (August 1990): 673-702.


Alchian, Armen A. "Private Property and the Relative Cost of Tenure." In Economic Forces at Work. Indianapolis: Liberty Press, 1977 (essay originally published in 1958).


American Chemical Society. Directory of Graduate Research l989. Washington, D.C.: American Chemical Society, 1989.


Becker, William E., Jr. "Maintaining Faculty Vitality through Collective Bargaining."  In Shirley M. Clark and Darrell R. Lewis, eds. Faculty Vitality and Institutional Productivity: Critical Perspectives for Higher Education. New York: Columbia University, Teachers College Press, 1985, pp. 198-223.


Davis, Elizabeth. "Compensation Gains of Faculty Unions and the Unemployment Effect of Extending Unemployment Insurance Coverage." (PhD Dissertation, University of Michigan, 1988).


Diamond, Arthur M., Jr. "Age and the Acceptance of Cliometrics." The Journal of Economic History 40, no. 4 (December 1980): 838-841.


"The Career Consequences of Accepting a Scientific Mistake." working paper, 1992.


Friedman, Milton. "An Open Letter for Grants." Newsweek (May 18, 1981): 99.


Garfield, Eugene, (chairman).  Science Citation Index.  Philadelphia: Institute for Scientific Information, Inc., 1961-present.


Lucas, Robert E., Jr.  "Incentives for Ideas."  New York Times  (April 13, 1981): 23.


Moore, Rich. "Compaq Computer: COMPAQ Joins the Fortune 500 Faster Than Any Company in History." In Businesswire [database online].  San Francisco: Business Wire. 1986-[updated 9 April 1986: cited 10 March 1990]. Accession no.  000782:  NO=BW420.  5 screens.  Available from DIALOG Information Services, Inc., Palt Alto, Calif.


Some Core Price Theory Competencies that You

Should Have from the Course:

            The following list highlights some core competencies that you should master during the first third of the course.  You can reasonably expect that several of these competencies will be tested in some form on the midterm exam.  Other material from the first two sessions of the course may also appear on the midterm.  But mastering all of these competencies would take you a long way in preparing successfully for the midterm.


1.      Know the most common types of elasticities of supply and demand, and how to interpret them.

2.      Know how to use a supply and demand curve graph to do basic comparative statics analysis.

3.      Know the implications of the Double Oral Auction experiment for demand theory.

4.      Know how to interpret the standard graphical analysis of the optimal quantity, price, and profit level for firms under pure competition and under monopoly.

5.      Know the likely impact of government price floors and price ceilings.

6.      Know the meaning of “opportunity cost.”

7.      Know how to identify the point of diminishing returns on a graph of the firm’s output curve (as a function of an input).

8.      Know the four basic conditions that define perfect competition.

9.      Know what price discrimination is, and what the conditions are for it to be feasible and profitable.

10.  Know the difference between the long-run equilibrium of a monopolistically competitive industry with the long-equilibrium of a perfectly competitive and a monopolistic industry.

11.  Know what a natural monopoly is.

12.  Know how the prisoner’s dilemma game is useful in analyzing the behavior of cartels.

13.  Know the meaning of the “capture” theory of regulatory agencies.

14.  Know how Schumpeter’s account of monopoly differs from the standard account.

15.  Know the significance of the Standard Oil and Brown Shoe cases, including why the courts reached decisions against each company.

16.  Know the meaning of the “law of comparative advantage.”


Recommended Supplementary Readings and

Some Sources Mentioned in Lectures:



Armentano, D.T.  The Myths of Antitrust.  New Rochelle, N.Y.:  Arlington House, 1972.


Baily, Martin Neil.  “Distinguished Lecture on Economics in Government:  The New Economy:  Post Mortem or Second Wind?” Journal of Economic Perspectives 16, no. 2 (Fall 2000): 23-48. 


Bettmann, Otto L.  The Good Old Days-They Were Terrible!  New York:  Random House, Inc., 1974.


Boorstin, Daniel J.  “An Odd Couple:  Discoverers and Inventors, Ch. 3 in Cleopatra’s Nose:  Essays on the Unexpected.  New York:  Random House, 1994.


Bork, Robert H.  The Antitrust Paradox:  A Policy at War With Itself.  Free Press,  1993.


Bresnahan, Timothy F., Erik Brynjolfsson, and Lorin M. Hitt.  “Information Technology, Workplace Organizational and the Demand for Skilled Labor:  Firm-level Evidence.” Quarterly Journal of Economics 117 (Feb. 2002):  339-376.  (Earlier draft downloadable at:


Brown, Jeffrey R. and Austan Goolsbee.  “Does the Internet Make Markets More Competitive?  Evidence from the Life Insurance Industry.” Journal of Political Economy 110, no. 3 (June 2002):  481-507.


Brynjolfsson, Erik, A. Renshaw and Marshall Van Alstyne. “The Matrix of Change:  A Tool for Business Process Reengineering.”  Sloan Management Review  (Winter 1997):  37-54.


Brynjolfsson, Erik and Lorin M. Hitt.  “Beyond Computation:  Information Technology, Organizational Transformation and Business Performance.” Journal of Economic Perspectives 14, no. 4 (Fall 2000): 23-48. 


Brynjolfsson, Erik and Michael D. Smith.  “Frictionless Commerce?   A Comparison of Internet and Conventional Retailers.”  Management Science 46, no. 4 (April 2000):  563-585.   (Earlier draft downloadable at:


Brynjolfsson, Erik, Thomas W. Malone, Vijay Gurbaxani, and Ajit Kambil.  "An Empirical Analysis of the Relationship Between Information Technology and Firm Size.”  Management Science 40, 12 (1994) (Earlier draft downloadable at:


Buchanan, James M. and Yong J. Yoon, eds.  The Return to Increasing Returns.  Ann Arbor:  The University of Michigan Press, 1994.


Carroll, Paul.  Big Blues:  The Unmaking of IBM.  New York, NY: Crown Trade Paperbacks, 1994.


Chernow, Ron.  Titan:  the Life of John D. Rockefeller, Sr.  New York:  Random House, Inc., 1998.


Christensen, Clayton M., Scott D. Anthony and Erik A. Roth.  “Innovation in the Telecommunications Industry:  Separating Hype from Reality.”  Oct. 2001 working paper.


Collins, James C. and Jerry I. Porras.  Built to Last:  Successful Habits of Visionary Companies.  New York:  HarperBusiness, 1994.


Crandall, B.C., ed.  Nanotechnology:  Molecular Speculations on Global Abundance.  Cambridge, Massachusetts: The MIT Press, 1996.


Darnton, Robert.  George Washington's False Teeth:  An Unconventional Guide to the Eighteenth Century.  W.W. Norton & Company, 2003.  [ISBN:  0393057607]


Darnton, Robert.  "George Washington's False Teeth." New York Review of Books, 44, no. 5· (March 27, 1997):  p. 34ff.


David, Paul A., "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox." American Economic Review 80, no. 2 (May 1990):  355-361.


DeLong, J. Bradford.  Montreal New Economy Conference:  After Dinner Remarks:  A Historical Perspective on the New Economy.”  (Downloadable from DeLong’s Berkeley web site:


DeLong, J. Bradford and A. Michael Froomkin.  “Speculative Microeconomics for Tomorrow’s Economy.”  (Downloadable from DeLong’s Berkeley web site:


DeLong, J. Bradford and Lawrence H. Summers.  “The “New Economy”:  Background, Questions and Speculations.”  Presented at the Jackson Hole Conference of the Kansas City Federal Reserve Bank, August 2001.


Gates, Bill.  “Introduction” in Business @ the Speed of Thought.  New York:  Warner Books, 1999.


_____.  Ch. 8:  “Friction-Free Capitalism.” in The Road Ahead.  New York:  Viking, 1995.  (HF5548.32.G38 1999)


Gordon, Robert J.  “Does the ‘New Economy’ Measure Up to the Great Inventions of the Past?”  Journal of Economic Perspectives 14, no. 4 (Fall 2000):  49-74.


Hall, Robert.  Ch. 1 in:  Digital Dealing:  How e-Markets are Transforming the Economy.  New York:  W.W. Norton & Co., 2001. 


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