The Computer Revolution: An Economic Perspective

Synopsis

'For more than a decade, American corporations have been shoveling billions of dollars in computers down a black hole, with no response at all from the sluggish growth rate of American productivity. Dan Sichel's pathbreaking book helps us to explain the computer paradox by showing that computer hardware is too small a share of the capital stock to matter much, and that there are reasons to doubt a future surge in the contribution of computer hardware and software to growth. ---------Robert J. Gordon