NY Times: Computer Age Gains Respect of Economists
Apr 14, 1999, 14:19 (0 Talkback[s])
(Other stories by Steve Lohr)
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"... for more than a decade, most of the nation's leading
economists have been heretics. They have not been much impressed by
the high-tech dogma... that regards the transformation of the
economy through the magic of information technology as a
"... Yet today, even renowned skeptics on the subject of
technology's contribution to the economy... are having second
thoughts. Productivity growth has picked up..."
"... At more and more companies..., Internet-based networks
are... streamlining the mundane chores of business life..."
"... business-to-business commerce over the Internet is
projected to jump from $48 billion in 1998 to $1.5 trillion by
2003, according to Forrester Research Inc. During the same period,
the research firm estimates that consumer sales over Internet will
rise from $3.9 billion to $108 billion."