[A-List] New economy bull & the organic composition of capital

[Keaney Michael]

The second half of the 1990s saw an astonishingly large productivity boom in America...
Much of western Europe is in the same situation as the US in the early 1990s, simply waiting for the next turn of the business cycle and the continued diffusion of technology to achieve the necessary critical mass. The computer and communications revolution is already transforming the economies of Finland, Sweden, Ireland, Australia. My money is on western Europe's revolution being relatively close behind.

-- Boom-time in Europe By Bradford DeLong
Financial Times, July 24 2002

See http://archives.econ.utah.edu/archives/a-list/2002w30/msg00046.htm



Chip Gliedman, of US-based market analysts Giga Information Group, notes that
many companies devote nearly 75 per cent of their IT budgets to
maintaining systems and infrastructures.

This leaves only around 25 per cent for new projects. But on average,
only around a third of those, representing some 8 per cent of total IT
spending, actually deliver value.

-- A waste of money? By Andrew Fisher
Financial Times "Director" Supplement, 25 October 2001

See http://archives.econ.utah.edu/archives/a-list/2001/msg04702.htm