Management

frontiers of capital

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For a brief moment in the late 1990s, journalists, business gurus, politicians in the United States, and even sober observers abroad talked enthusiasti- cally about a ‘‘New Economy.’’ Advances in information and communication technology (ict), management and production techniques, and global inte- gration, some proponents alleged, had irrevocably changed fundamental economic dynamics. Workplace models emphasizing flat corporate struc- tures and a bohemian approach to work became the hallmark of start-up companies created by the new digital economy (Ross, 2003). In the hal- cyon days of the New Economy, optimists contemplated a world without business cycles, where technology, ever-increasing productivity, and globali- zation were to usher in unprecedented prosperity and unrelenting expansion. At the very least, venture capitalists, start-up entrepreneurs, and other inves- tors began to think that the numbers would always go their way: the indexes would continually rise in defiance of old rules for stock valuation. To be fair, careful observers always noted countervailing trends, and pessimists pointed to cracks in the consensus, immiseration in the midst of the boom, and rumblings of crises brewing around the world. However, the robustness of the U.S. economy and the excitement generated by the Internet helped to drive the global expansion of ict as well as the spread of the ‘‘Washington consensus’’ of neoliberal economic policies

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Detail Information

Series Title

frontiers of capital

Call Number

-

Publisher

USA : Duke University Press., 2006

Collation

1-391

Language

English

ISBN/ISSN

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Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

1st Edtion

Subject(s)

-

Specific Detail Info

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