[jokoon]

I'm still curious to know what are the "Internet Economic Impact".

This article was written before the net bubble.

So far all I see in the economics of internet is netflix replacing DVDs, twitter/facebook/online presence (which is advertising, which means little to me), and... that's it. Other domains like online gaming are not that great in term of economic impact.

Amazon is closing book and movie stores.

I can see that the internet changed many things, but was it improvement? I don't know. When you account music and movie piracy, credit card fraud, scammers, online security, it doesn't seem so great.

The only improvements I can see is porn (being able to channel your sexuality) and dating websites (more people being able to risk a little more to find somebody).

[cema]

  This article was written before the net bubble.

I think it was in fact written during the big bubble, although my memory may be a bit off. I do remember distinctly having read (and chuckled at) an article by a supposedly serious economist who said something along these lines, but I absolutely do not remember if it was the same article. And the same economist. Krugman's name did not ring a bell for me then.

[Jtsummers]

You are correct. 1998 is the year of Pets.com and many other internet bubble ventures. Which led to a surge in CS enrollment from ~1999-2005 which really, really sucked for those of us that actually wanted to study CS and weren't in it "for the money". The professional/academic feedback loop also managed to catch me when I tried going to graduate school (again, actually interested in it) and found myself surrounded by people who were in grad school to ride out the (then) downturn in the internet-based business sector (circa 2006). Enrollment numbers were sky high in grad programs so competition for advisors and TA positions was much harder than normal. Very frustrating times.

[wmeredith]

Go talk to your cable provider or local newspaper about how the internet hasn't had much economic impact.

[jokoon]

As I said, impact, not improvement