Aptly titled, this quick read is written in the spirit of Wired magazine. It consists of eight brief chapters: “Technology, Innovation, and Productivity in the Information Age,” “Measuring the Information Economy,” “IT’s Contributions to Productivity and Economic Growth,” “Business Practices That Enhance Productivity,” “Organizational Capital,” “Incentives for Innovation in the Information Economy,” “Consumer Surplus,” and “Frontier Research Opportunities.”
Since each chapter could easily be the size of this short book alone, the authors add very little depth to any one topic. It is unclear what the authors view as information technology (IT), and it seems that they include any technology that they care to choose, including components that do not fall under technology at all. As for measuring the information economy, they fail to reference the pioneering works by Porat [1] and Machlup [2].
The chapter footnotes tend toward textual amplifications, and should have been either included in the main body of material or deleted. The end-of-chapter bibliographies of two or three titles are heavily weighted toward other secondary sources, and are of little use to those seeking to explore the issues in more depth. However, the full bibliography at the end of the book is quite decent.
In summary, this book will be of no interest to researchers, and of no use to practitioners.