Frontiers of Capital: Ethnographic Reflections on the New Economy

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Melissa S. Fisher, Greg Downey
Duke University Press, Oct 31, 2006 - Political Science - 381 pages
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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, Siobhán O’Mahony, Aihwa Ong, Annelise Riles, Saskia Sassen, Paul A. Silverstein, AbdouMaliq Simone, Neil Smith, Caitlin Zaloom

 

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Contents

ParaEthnography and the Rise of the Symbolic Analyst
33
Trading on Numbers
58
Unwinding Technocratic and Anthropological Knowledge
86
The Information Economy in NoHoldsBarred Fighting
108
Intersecting Geographies? ICTs and Other Virtualities in Urban Africa
133
NEW SUBJECTS NOVEL SOCIALITIES
161
Corporate Players New Cosmopolitans and Guanxi in Shanghai
163
From Local Anomaly to Urban Regeneration as Global Urban Strategy
191
Navigating Wall Street Womens Gendered Networks in the New Economy
209
Developing Community Software in a Commodity World
237
Reflections on Youth from the Past to the Postcolony
267
Guerrilla Capitalism and Ghettocentric Cosmopolitanism on the French Urban Periphery
282
Knowledge Practices and Subject Making at the Edge
305
Bibliography
317
Contributors
357
Index
361

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About the author (2006)

Melissa S. Fisher is Assistant Professor of Anthropology at Georgetown University. Greg Downey is Lecturer in Anthropology at Macquarie University.

Greg Downey is Lecturer in Anthropology at Macquarie University.

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