Although there is controversy among economists about whether the U.S. economy is really functioning in a new way in the last decade, there is widespread agreement on one feature of the so-called "New Economy": Physical assets, such as land, natural resources, office space, factories, and...

This paper is a comment on The New Economy Business Model and the Crisis of U.S. Capitalism by William Lazonick which can be found at: "http://ssrn.com/abstract=2209322" http://ssrn.com/abstract=2209322