================= 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]