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Economic Commentary

Growth and the Internet: Surfing to Prosperity?

In the late nineteenth century, the economist Thomas Malthus made a simple prediction of economic theory that would result in the discipline being forthwith known as the dismal science. The pessimistic extrapolation for which Malthus is famed foretold of long economic cycles in which widespread famine must be an inevitable part.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Altig, David, and Peter Rupert. 1999. “Growth and the Internet: Surfing to Prosperity?” Federal Reserve Bank of Cleveland, Economic Commentary 9/1/1999.