Bit worrying that a Nobel prizewinning economist (even a 66 year old one) is so computer illiterate.
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’-which states that the number of potential connections in a network is proportional to the square of the number of participants-becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”
Paul Krugman 1998
Mind you, someone else got there first…
“I see little commercial potential for the internet for the next 10 years”
Bill Gates 1994