The Internet Depression

Michael J. Mandel addresses three key questions: when will the Internet "Depression" start? How will we know when it's coming? How bad will it be? Finally, he shows how investors, workers, and businesses can navigate the bad times safely and prosper in the long recovery that will follow.

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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.