Book Brief: Digital Phoenix

Digital Phoenix: Why the Information Economy Collapsed and How It Will Rise Again

By Bruce Abramson

The MIT Press, May 2005 368 pages, $34.95


The retelling of the collapse of the information economy—most notably the bursting of the Internet stock bubble—is less interesting than what consultant Abramson thinks the future will look like.

He argues that the next phase of the new economy will be shaped by public-policy decisions to create the necessary technology infrastructure and by entrepreneurs responding to that environment.

The key variable? Intellectual property rights. Clearly, it benefits society to have ideas flow as unencumbered as possible. Yet unless there is something in it for the creators of those ideas, they have no economic incentive to propose anything. How that issue is resolved, Abramson says, will go a long way to shaping the new new economy.

His position? Keep those ideas flowing.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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