================= HES POSTING ================= 
 
"The Geography of the New Economy" (chapter 1 of a web text) -- 
http://www.rri.wvu.edu/WebBook/Norton/contents.htm -- presents today's 
"new economy" as a Kondratieff wave in the sense that Schumpeter and 
Kuznets (in a 1940 AER review of Schumpeter's Business Cycles) meant. 
That is: There is new economy, the digital economy, but it is one of a 
series of "new economies" that transform capitalism every 50 years or so. 
 
R.D. Norton 
 
============ FOOTER TO HES POSTING ============ 
For information, send the message "info HES" to [log in to unmask]