Greetings Economists,
On Apr 25, 2008, at 12:45 PM, Doug Henwood wrote:

Hardware, yeah, but software is theoretically timeless.

Doyle,
This concept of software is incorrect. Old versions of software can't be used over time, and the obsolescence of software is related to who can use it after the industry changes. There is very little about software that lasts more than a few years.
Doyle Saylor
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