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9780817948610

Bits, Bytes, and Balance Sheets The New Economic Rules of Engagement in a Wireless World

by
  • ISBN13:

    9780817948610

  • ISBN10:

    0817948619

  • Format: Hardcover
  • Copyright: 2007-11-01
  • Publisher: Hoover Institution Press

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Summary

This follow-up to the author's Twilight of Sovereignty explores the consequences of the changes produced by the new economy of the Internet, defining the new rules and examining some of the promising initiatives under way to create a system of measuring and valuing assets that reflects our new economic realities. Wriston shows that in today's economy, intellectual capital is more important than physical capital—and that businesses must adapt to this change or perish.

Author Biography

Walter B. Wriston was the former chairman and chief executive officer of Citicorp. In 2004 he received the Medal of Freedom from President George W. Bush. He died in 2005.

Table of Contents

Forewordp. ix
A Note to Readersp. xiii
Preface: A Momentous Revolutionp. xv
Unintended Consequencesp. 1
The Creation of Wealthp. 14
Bits, Bytes, Power, and Diplomacyp. 28
New Rules: Different in Kind, Not Degreep. 56
The Whiskey Ain't Working Anymorep. 65
What Gets Measured, Gets Donep. 91
The Great Disconnect: Balance Sheets Versus Market Valuep. 105
Politically Correct Versus Accurate Earningsp. 112
Global Accounting for a Global Marketp. 116
Other People's Moneyp. 121
Afterwordp. 135
Selected Bibliographyp. 141
About the Authorp. 149
Indexp. 151
Table of Contents provided by Ingram. All Rights Reserved.

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