New Economy originates from the English and means new economy.

With this term the idea that from arising computers and new communication media in the course of the digital revolution a radically new restaurant form results, connects itself coined/shaped also by the globalization. The industrielle mass production of goods become less important, basic assumptions of the capitalistic restaurant way would lose its meaning. The priorities would lie now in the world-wide competition around innovative ideas, in the processing of information.

Contrary to classical economic theories those does not assume new Economy any longer the scarceness of the goods determines their price. In that new Economy rises the price of a property only if it is universally (and/or at least for a critical threshold quantity) available. In particular under the impression of the world-wide cross-linking of information systems (Internet) the theory that consists new Economy of the fact that communications equipments can donate only a use if they are universally available. While the goods of the classical economy determined such as raw materials and finished products its value by their scarceness, the goods that determine new Economy their value particularly by its spreading degree. The goods that new Economy are therefore above all means of communication (telephone, E-Mail, fax, Internet) those are only usable if as much as possible humans have entrance for this.

This idea played an important role in the upswing of the information-technical enterprises end of the 1990er years. Investors used at that time large sums, in order to secure themselves innovative ideas and to receive so a projection/lead with the development of the new markets. With the end of this boom the estimate spread that the digital revolution does not set the basic rules of capitalism repealed. In this connection also the estimate spread with abating that a more or less strict separation between new and "“old is not meaningful Economy"”. In addition traditional enterprises of the "“old Economy"” invested increasingly into ranges, which were regarded before as idiosynkratisch Economy new for those, like e.g. on-line portals and to a large extent Web-based services. The moreover a multiplicity of business models that proved to new Economy than conceptional miss, which led at the end of the high phase to proverbial "“Dotcom dying"”, disappearing from before often promisingly started Internet enterprises.

In the German linguistic usage it is to be stated in recent time in the review increasingly on the developments of the 90's that "“new Economy"” actually designates not only (allegedly new) a restaurant form, but also this epoch.

See also

Young performance, Dotcom blister, network effect

Literature

Doug Henwood, after the new Economy. The new one press. New York, London 2003. ISBN 1-56584-770-9

Related links

• Dr. Reinhard Blomert: Stock exchange criminality and "“new economics"” - a financialsociological analysis

Articles in category "New Economy"

We found here 15 articles.

Related Websites

We found here 6 related websites.

• Feature
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• Feature
  This emerging new economy represents a tectonic upheaval in our commonwealth, ... The advent of the new economy was first noticed as far back as 1969, ...


• IngentaConnect Publication: New Economy
  New Economy. ISSN 1070-3535. New Economy logo Blackwell Publishing logo. Publisher: Blackwell Publishing on behalf of the Institute for Public Policy ...


• NewEconomyIndex
  examines what's actually new about the so-called "New Economy" and offers policy...


• The 2002 State New Economy Index
  In 1999, at the height of the New Economy euphoria, PPI released its first ... In 2002, after the New Economy has proved itself and is being viewed by most ...


• Twelve dependable principles for thriving in a turbulent world
  This emerging new economy represents a tectonic upheaval in our commonwealth, ... The advent of the new economy was first noticed as far back as 1969, ...