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Constructing the new economy: A discursive perspective

De Cock, C and Fitchett, J and Volkmann, C (2005) 'Constructing the new economy: A discursive perspective.' British Journal of Management, 16 (1). 37 - 49. ISSN 1045-3172

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The rise and fall of the 'New Economy' at the turn of the millennium, most visibly evidenced by the stellar rise and subsequent collapse of the Nasdaq composite index of technology stocks, represents one of the most significant business phenomena in recent times. This paper examines the 'New Economy' phenomenon as a culturally embedded discourse through an analysis of 133 print advertisements collected from the UK edition of the Financial Times between February and December 2000. It investigates the social construction of the concept 'New Economy' in a rapidly changing business environment. The contribution of the paper lies in the empirical study of discursive phenomena in late capitalist societies. From a discursive perspective, the 'New Economy' can be seen as a signifier that points to itself, whose form is its very content. The paper suggests the 'New Economy' must be understood in terms of its ability to accommodate multiple meanings, and it is this very ability which is profoundly ideological, in that it allows essentially socio-historical obsessions and anxieties (e.g. about novelty and change) to appear as seemingly 'natural' or logical behaviour. © 2005 British Academy of Management.

Item Type: Article
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD58.7 Organizational behavior, change and effectiveness. Corporate culture
Divisions: Faculty of Social Sciences > Essex Business School > Centre for Work, Organisation and Society
Depositing User: Jim Jamieson
Date Deposited: 22 Jan 2016 15:58
Last Modified: 30 Jan 2019 16:15

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