The internet bubble which peaked in size in 2000 is now well and truly burst. As with all bubbles, there are varying explanations for its occurrence, but the hype which surrounds the internet has shouldered a lot of the blame. There is however, no doubt that the internet has significantly changed the way people live, think and do business.This impressive volume presents the Austrian school of thought and its considered response to the "internet economy". Contributions are from such figures as Peter Boettke, Richard Aréna and the late Don Lavoie (to whose memory this book is dedicated). With impressive clarity and insight, the book covers such areas as:· "Austrian" theories of the firm and the internet economy· entrepreneurship and e-commerce· private lawmaking on the internet· Hayek and the IT entrepreneurs.
Author(s): Jack Birner
Edition: 1
Year: 2003
Language: English
Pages: 336
Book Cover......Page 1
Title......Page 6
Copyright......Page 7
Contents......Page 10
1 Subjectivism, entrepreneurship and the convergence of groupware and hypertext......Page 38
2 Open source software and the economics of organization......Page 64
3 The digital path: smart contracts and the Third World......Page 80
4 High-tech Hayekians......Page 108
5 The new economy as a co-ordinating device......Page 143
6 “Austrian” determinants of economic organization in the knowledge economy......Page 160
7 The new economy and the Austrian theory of the firm......Page 186
8 The small world of business relationships......Page 206
9 Some specific Austrian insights on markets and the “new economy”......Page 218
10 Turning lemons into lemonade......Page 235
11 Big players in the ‘new economy’......Page 248
12 Bubble or new era? Monetary aspects of the new economy......Page 266
13 Possible economic consequences of electronic money......Page 279
14 The emergence of private lawmaking on the Internet......Page 306
Index......Page 325
