Software Economics

While significant research has been undertaken in the areas of ICT and macro economic performance and industrial clusters, there would appear to be an emerging challenge with the current body of knowledge, that of the Economic Measurement of an Industry.

While focused on an entire economy, the current Marco Economic models seem to lose their effectiveness when applied to a specific, and fast moving industry like software.

This challenge of macroeconomic research and measurement of an industry would appear to also be reflected in the emerging field of ‘mesoeconomics’, an area of study of economic arrangements which are not based either on the microeconomics of buying and selling and supply and demand, nor on the macroeconomic reasoning of aggregate totals of demand, but on the importance of under what structures these forces play out, and how to measure these effects.

This field of 'mesoeconomics' dates from the 1980s when several economists began questioning whether there would ever be a bridge between the two main economic paradigms in mainstream economics, without wanting to discard both paradigms in favour of some other basic methodology and paradigm.

Source: http://en.wikipedia.org/wiki/Mesoeconomics