Is there a new economy? What makes an economy new? ; Productivity growth over the last two centuries ; The productivity paradox ; What caused the revival of productivity growth? ; Will it last?
Why did it take so long? Building a critical mass ; A brief history of the transistor ; Learning to use new technologies: electric power ; Measuring economic change
The changing of the guard. Galbraith's new industrial state ; The dangers of aggressive extrapolation ; The fall of the new industrial state ; Addendum: Gaibraith, Schumpeter, and the convergence hypothesis
New ways of working. From Ford to Dell: mass production to mass customization ; New technology and new business practices ; Lean production: a new manufacturing model for the new economy ; Technology, worker skills, and new work practices ; Addendum: the mixed record of ESOP's
The Stock Market and the new economy. First principles ; Caveats and exceptions ; Bubbles, misleading accounting, and shady dealing ; Reversion to the mean ; New investors and new companies
Junk bonds and takeovers. Mergers and acquisitions in the 1980s and 1990s ; The revival of the junk-bond market ; Developing a network of investors ; The hugely profitable deals of the early and mid- 1980s ; Mania, prosecutions, and collapse ; Was it worth it?
Better monetary policy. The Federal Reserve system ; The Volcker years ; The Greenspan era.
