Cyberspace will require, and in turn generate, billions of dollars in economic activity, creating, among other things, the largest unreal estate market the world has ever known. Indeed, the cultural and economic impact of a fully deployed cyberspace system is unmeasurable.
Predictor: Benedikt, Michael L.
Prediction, in context:In a 1990 edition of his regularly-appearing column “The Executive Computer,” The New York Times’ Peter Lewis writes about what was “believed to be the first international conference on cyberspace, sponsored in May 1990 by the School of Architecture and the Department of Computer Sciences at the University of Texas.” Lewis writes about the views of Michael Benedikt, a professor of architecture at the University of Texas: ”In cyberspace, information-intensive institutions and businesses take on a form, identity and working reality – quite literally an architecture – that is both counterpart and different to the form, identity and working reality they have in the everyday physical world. Cyberspace will require, and in turn generate, billions of dollars in economic activity, creating, among other things, the largest unreal estate market the world has ever known. Indeed, the cultural and economic impact of a fully deployed cyberspace system is unmeasurable.”
Date of prediction: January 1, 1990
Topic of prediction: Economic structures
Subtopic: General
Name of publication: New York Times
Title, headline, chapter name: The Executive Computer: Put on Your Data Glove and Goggles and Step
Quote Type: Direct quote
Page number or URL of document at time of study:
Section 3; Page 8; Column 1; Financial Desk
This data was logged into the Elon/Pew Predictions Database by: Boone, Jason Matthew