Economic policy for the information economy: a summary of the Bank's 2001 economic symposium / Craig S. Hakkio -- Opening remarks / Alan Greenspan -- The "new economy": background, historical perspective, questions, and speculations / J. Bradford DeLong and Lawrence H. Summers. Commentary /...

It is a triumph of technology and of economics that our computer chips are so universal. Countless applications are only possible because of the staggering variety of calculations that modern chips can compute. But, this was not always the case. Computers used to be specialized, doing only...