The Internet Depression: The Boom, the Bust and Beyond

The Coming Internet Depression is the one book that offers a rational method for making the best of tech-driven economic downturns. Michael Mandel, the economist most renowned for predicting the New Economy of the 1990s, was one of the first to predict the next major economic event-a sharp, severe downturn that devastated the tech sector, sent the stock market plummeting, and wreaked havoc across the entire economy. Mandel describes how the very strengths that drive the New Economy -from the dominance of venture capital to the rapid pace of innovation to the flexibility of the work force-are coming back to haunt us. In this new paperback edition he addresses the next stage of the Internet Depression in a new preface.

How the technological boom that led to the U.S. economy's unprecedented expansion continues to carry a potentially lethal backlash

Industry Standard

A surprisingly low-key (and increasingly convincing) argument.

Michael J. Mandel is the economics editor at BusinessWeek. Named one of the top 100 business journalists of the twentieth century, he holds a Ph.D. in economics from Harvard University.