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"Summers and DeLong focused their presentation on the new communication technologies that were already reducing the marginal (per-unit) cost of producing and se
by barce 13y ago
"Summers and DeLong focused their presentation on the new communication technologies that were already reducing the marginal (per-unit) cost of producing and sending information goods to near zero."
Yes, sending an email can be free.
But the infrastructure for the Internet? The article really ignored how many tax payer dollars went into different public institutions to make the Internet a reality, e.g. Big Government and universities.
- hnnewguy 13y ago>The article really ignored how many tax payer dollars went into different public institutions to make the Internet a reality" Which is why their analysis focuses on the marginal cost, which is the cost of producing the next unit (or sending the next piece of information electronically). Even if you amortize infrastructure costs over each piece of information sent, the costs are on their way to near-zero.