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Market lessons from the internet
Essay specific features
Written by:
Glenn F
Date added:
May 15, 2016
Level:
University
Grade:
A
No of pages / words:
34 / 9365
Was viewed:
723 times
Rating of current essay:
Essay content:
Frictionless commerce would
be the norm, but plenty of friction still exists.
The Internet was also claimed to require a whole new economics with all new
laws. While this, too, was very far from the truth?existing theories have mostly
done quite well?the Internet has had a substantial effect on economic thought...
displayed 300 characters
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In
this paper, we discuss some ways in which the Internet has affected how economists
think about markets.
That the Internet has affected economic thought is perhaps surprising. Some
economic events, like the Industrial Revolution and the inflation of the mid-1970s
and early 1980s, have had a major impact on the way economics is done...
displayed 300 characters
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