The Internet Economy Was $300 Billion a Year
The University of Texas's Center for Research in Economic
Commerce, in a study funded by Cisco, has estimated the internet
economy at $301 billion of value in 1998.
They attribute 1.2 million jobs to the internet economy as
Note that the U.T. estimates are fully three to four times
the size of the PPI's estimates once one takes account of the
different periods covered.
To our minds the major lesson of the U.T. study is that soon
it will be impossible to talk about an "internet economy."
The internet will be so much a part of daily life that it will
be as impossible to separate out the internet economy as it is
to separate out the electricity economy.