With the NASDAQ having lost 70 percent of its value, the giddy,
optimistic belief in perpetual growth that accompanied the economic
boom of the 1990s had fizzled by 2002. Yet the advances in
information and communication technology, management and production
techniques, and global integration that spurred the "New Economy"
of the 1990s had triggered profound and lasting changes. Frontiers
of Capital brings together ethnographies exploring how cultural
practices and social relations have been altered by the radical
economic and technological innovations of the New Economy. The
contributors, most of whom are anthropologists, investigate changes
in the practices and interactions of futures traders, Chinese
entrepreneurs, residents of French housing projects, women working
on Wall Street, cable television programmers, and others.Some
contributors highlight how expedited flows of information allow
business professionals to develop new knowledge practices. They
analyze dynamics ranging from the decision-making processes of the
Federal Reserve Board to the legal maneuvering necessary to
buttress a nascent Japanese market in over-the-counter derivatives.
Others focus on the social consequences of globalization and new
modes of communication, evaluating the introduction of new
information technologies into African communities and the
collaborative practices of open-source computer programmers.
Together the essays suggest that social relations, rather than
becoming less relevant in the high-tech age, have become more
important than ever. This finding dovetails with the thinking of
many corporations, which increasingly employ anthropologists to
study and explain the "local" cultural practices of their own
workers and consumers. Frontiers of Capital signals the
wide-ranging role of anthropology in explaining the social and
cultural contours of the New Economy. Contributors. Jean Comaroff,
John L. Comaroff, Greg Downey, Melissa S. Fisher, Douglas R.
Holmes, George E. Marcus, Siobhan O'Mahony, Aihwa Ong, Annelise
Riles, Saskia Sassen, Paul A. Silverstein, AbdouMaliq Simone, Neil
Smith, Caitlin Zaloom
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