Freezing Technology: Why is COBOL so popular?

Brad De Long delong at econ.Berkeley.EDU
Mon Dec 14 08:40:11 PST 1998

>In a message dated 98-12-13 22:50:02 EST, you write:
><< than trying to freeze the sectoral distribution of employment and
> >production in the pattern it held in 1950? >>
>Go around to the "average" urban hospital and you will probably find most
>accounting systems still using COBOL! In fact COBOL programmers still are
>getting nice premiums. I don't know how long this will last - but economic
>evolution sometimes proceeds at its own damn pace!

This would have been a good point, had COBOL existed in 1950...

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