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The Computer Revolution: An Economic Perspective

Daniel E. Sichel

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 | #11894842 in Books |  Brookings Institution Press |  1997-06-01 | Original language:English | PDF # 1 |  9.02 x.38 x5.98l,.50 | File type: PDF | 152 pages


||1 of 8 people found the following review helpful.| a classic example of mismeasurement due to category error|By Glenn Ralston|This report represents a classic example of limited inquiry in academic pursuits by relentlessly ignoring category error (insufficient definitions) as challenged since the early '90s by Mandel (Businessweek 5/18/94) and others (Edupage 2/21/95). It is now finally contradicted by the NAICS data (USA Tod| ||"For more than a decade, American corporations have been shoveling billions of dollars in computers down a black hole, with no reponse at all from the sluggish growth rate of American productivity. Dan Sichel's pathbreaking book helps us to explain the comput

During the 1980s and into this decade, U.S. businesses poured billions of dollars into computers and other information technology. Yet the productivity performance of the U.S. economy in the 1980s remained lackluster--especially in the service sector--leading many observers to suspect that companies were not getting their money's worth from these high-tech investments. At the same time, academic research found little evidence of a productivity payoff. But h...

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