Constructing the New Economy: A Discursive Perspective

13 Pages Posted: 12 Mar 2005

See all articles by Christian De Cock

Christian De Cock

University of Essex

James Fitchett

Nottingham University Business School; University of Leicester - School of Management

Christina Volkmann

University of Exeter Business School

Abstract

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.

Suggested Citation

De Cock, Christian and Fitchett, James and Volkmann, Christina, Constructing the New Economy: A Discursive Perspective. Available at SSRN: https://ssrn.com/abstract=681670

Christian De Cock

University of Essex ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

HOME PAGE: http://www.essex.ac.uk/ebs/staff/profile.aspx?ID=1864

James Fitchett (Contact Author)

Nottingham University Business School ( email )

Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom

University of Leicester - School of Management ( email )

Leicester
Leicester, AK LE1 4AY
United Kingdom

Christina Volkmann

University of Exeter Business School ( email )

Streatham Court
Xfi Building, Rennes Dr.
Exeter, EX4 4JH
United Kingdom

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