After the new economy /
Doug Henwood.
New York : New Press, 2003.
269 p.
1565847709 (hc)
More Details
New York : New Press, 2003.
1565847709 (hc)
catalogue key
Includes bibliographical references and index.
A Look Inside
About the Author
Author Affiliation
Doug Henwood is editor of Left Business Observer, and the host of a weekly radio show on WBAI in New York
Full Text Reviews
Appeared in Choice on 2004-09-01:
Even after a few years, Henwood's book will stand as essential reading about the so-called new economy. Avoiding oversimplification, Henwood (editor, Left Business Journal) manages to present complex material laced with valuable data in an entertaining style almost unknown in the economics literature. Although he debunks much of the hype about the new economy, he is far from a Luddite. Early chapters review the inflated rhetoric about the new economy and put the relatively modest productivity gains of the new economy era into perspective, emphasizing the role of longer hours of work. The author shows how working people did not share in the great gains in wealth; the new economy, which was supposed to democratize the economy, led to increasing economic disparities. The chapter on globalization will probably be the most controversial. In it, Henwood critiques those whom he considers to have exaggerated the negative consequences of globalization. The final chapter, on finance, continues the marvelous work he began in his earlier Wall Street (1997). No brief synopsis can do justice to this book, which will reward readers at all levels. ^BSumming Up: Highly recommended. All libraries. M. Perelman California State University, Chico
This item was reviewed in:
Kirkus Reviews,
PW Annex Reviews, November 2003
Los Angeles Times, February 2004
Choice, September 2004
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Unpaid Annotation
Rarely a day went by in the dizzy 1990s without some well-paid pundit heralding the triumphant arrival of a ''New Economy.'' According to these financial mavens, an unprecedented technological and organizational revolution had extinguished the threat of recession forever. Though much of the rhetoric sounds ridiculous today, few analysts have explored how the New Economy moment emerged from deep within America's economic and ideological machinery-instead, they've preferred to treat it as an episode of mass delusion. Now, with customary irreverence and acuity, journalist Doug Henwood dissects the New Economy, arguing that the delirious optimism was actually a manic set of variations on ancient themes, all promoted from the highest of places. Claims of New Eras have plenty of historical precedents; in this latest act, our modern mythmakers held that technology would overturn hierarchies, democratizing information and finance and leading inexorably to a virtual social revolution. But, as Henwood vividly demonstrates, the gap between rich and poor has never been so wide, wealth never so concentrated. After the New Economy offers an accessible and entertaining account of the less-than-lustrous reality beneath the gloss of the 1990s boom.
Unpaid Annotation
Some of the manic exuberance surrounding this story has disappeared with the bursting of the Nasdaq bubble and the scandals that emerged as the froth cleared. But what really happened? Economic journalist Doug answers all of these questions in "After the New Economy."
Bowker Data Service Summary
This is a smart and innovative book in which Doug Henwood scrutinizes the New Economy of the 1990s and questions whether it lives up to the grand claims of being unimaginably productive and freed of antique logic.
Table of Contents
Acknowledgmentsp. ix
Introductionp. 1
Noveltyp. 3
Workp. 39
Incomep. 79
Globalizationp. 145
Financep. 187
Conclusionp. 227
Notesp. 231
Bibliographyp. 241
Indexp. 261
Table of Contents provided by Ingram. All Rights Reserved.

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