Interesting question - is software timeless. Not really, or we would
and could be using software written for IBM machines of the 50s or CPM
machines of the early 1980s. Software, whether applications or
operating systems, is to a large measure specific to hardware. You can
not run CPM on a modern computer and I doubt if you could find a usable
CPM machine today, Conversely, one of the problems with Vista is that
it requires a hefty processor and lots of memory and so you can't even
run it on early Pentium machines. So, I would say that software isn't
timeless, it is historically and technologically specific.
CHAD
Doug Henwood wrote:
On Apr 25, 2008, at 3:24 PM, Jim Devine wrote:
the main problem with seeing software as a type of capital good -- and
this applies to hardware, too, though to a lesser extent -- is that
software depreciates very quickly.
Hardware, yeah, but software is theoretically timeless. That aside,
it's conceptually a capital good, and not an intermediate good, as the
NIPAs used to classify it.
Doug
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