The Y2K scare: causes, costs and cures

John Quiggin ()

No WPP04_1, Australian Public Policy Program Working Papers from Risk and Sustainable Management Group, University of Queensland

Abstract: The worldwide scare over the 'Y2K bug result in the expenditure of hundreds of billions of dollars on Y2K compliance and conversion policies. Most of this can be seen, in retrospect, to have been unproductive or, at least, misdirected. In this paper, the technological and institutional factors leading to the adoption of these policies are considered, along with suggestions as to how such policy failures could be avoided in future.

Keywords: Y2K; moral panics (search for similar items in EconPapers)
JEL-codes: H89 (search for similar items in EconPapers)
Date: 2004-02
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