Dot-Com Debacle And The Return To Reason

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The bubble burst. Within months, dot-com once-millionaires were scratching around for jobs. Nevaer proves that the laws of classical economics were never repealed, and that the New Economy was more Old Economy than many people believed. His briskly provocative new book shows how the return of common sense is opening fresh opportunities for wealth creation in badly battered industries—the entertainment industry especially—and offers five keys to understanding the online economy overall. The crash, says Nevaer, was inevitable. Characteristics of the New Economy created market imperfections that led to total failures. The negative effects were not isolated. They hurt the whole economy. The online community also fostered undesired social outcomes—pathological consumer behavior—but the potential for more beneficial gains is still indisputable.

Nevaer applies the fundamental theories and ideas of classical economics to the world online, providing a concise understanding of what properly belongs to the Old Economy, and what belongs to the New. He examines the real—that is, sustainable—components of the New Economy centered on five industries: publishing, music, video games, and, to some dismay, gambling and adult entertainment. Meticulously researched and documented, Nevaer's book is an authoritative, probing account for analysts, researchers, students, and scholars. As a study of American culture and society, it is an entertaining read for knowledgeable people everywhere.

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Editorial Reviews

Bubbles burst. Nevaer (an economist and consultant) re-asserts the laws of classical economics, and questions just how new the "new economy" really is. He considers the social and economic costs of on- line opportunism, offers a guide to understanding the electronic economy, and identifies new opportunities in neglected industries, especially the entertainment industry. Economic sustainability is emphasized. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9781567204155
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 2/28/2002
  • Edition description: New Edition
  • Pages: 336
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.75 (d)

Meet the Author

LOUIS E. V. NEVAER is an economist, entrepreneur, consultant, editor, and formerly a publisher of newsletters for top management in international finance. Among his previous books published by Quorum are Into--and Out of--the Gap (2001), New Business Opportunities in Latin America (1996), Strategies for Business in Mexico (1995), The Protectionist Threat to Corporate America (1989) and others.

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Table of Contents

Pt. I Everything Old is New Again 1
1 Reports of the Birth of the "New Economy" are Greatly Exaggerated 3
2 Why the Laws of Economics Apply in Cyberspace 21
3 The Tyrannies and Dilemmas of E-Commerce 37
4 Private Wants, Public Needs, and the Seismic Shift in the Economic Landscape 59
5 Doing Old Things in a New Way 85
Pt. II The Entertainment Economy Online 113
6 The Unprinted Word 115
7 Like Music to My Hard Drive 145
8 "Surrender or Die You Foolish Mortals!" 179
9 The Wheel of Misfortune 211
10 Pornography for Everyone 237
11 The End of Privacy and Fetish Desire Online 267
Conclusion 279
Bibliography 287
Index 297
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Sort by: Showing 1 Customer Reviews
  • Anonymous

    Posted October 18, 2002

    The best book on the dot-com bubble

    Breathtaking in scope, this book is the best analysis of the dot-com disaster that wiped out more the $1.7 TRILLION in stock market wealth. Moving seamlessly through the entire bubble, Nevaer explains why classical economics anticipated -- and how it anticipated -- the overwhelming debacle that ensued. A must read for anyone who has wondered how and why it all happened!

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