In the 1990s, innovation in information and communication technologies (ICT) looked set to transform traditional publishing and media through more efficient production, new forms of distribution, the entry of new players and much greater choice for consumers. The Internet offered the prospect...

Purpose – Bubbles – technology, stock market, housing, and more – have punctuated modern economic history with some regularity, and seem to be happening with greater frequency in recent periods. Part of the authors' larger work on a meta‐theory of bubbles, this paper aims to compare and...