Markets, Information and Communication

Presents the Austrian school of thought and its response to the "internet economy", with contributions are from such figures as Peter Boettke, Richard Arena and the late Don Lavoie. It offers a picture of the extent to which Austrian economics can help us to understand the internet economy.
The internet bubble which peaked in size in 2000 is, by 2003, 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 volume presents the Austrian school of thought and its considered response to the "internet economy", and contributions are from such figures as Peter Boettke, Richard Arena and the late Don Lavoie (to whose memory this book is dedicated). The book covers such areas as: "Austrian" theories of the firm and the internet economy; entrepreneurship and e-commerce; private law-making on the internet; and Hayek and the IT entrepreneurs. It presents a picture of the extent to which Austrian economics can help us to understand the internet economy. It will be welcomed by researchers in economics, Austrian economists and all those wanted a better understanding of the economic ramifications of the internet.