I just sent off the following letter to The New Yorker regarding the new economy: Steven Shapin, reviewing David Edgerton’s The Shock of the Old, (May 14, 2007) cites the revenues of the largest corporations to argue there is no new economy. Sorry, that’s an old-economy measure, not unlike pointing to Queen Elizabeth II’s descent from ancient royal families to prove the old feudal system still dominates in England. People who measure economies don’t know […]
May 112007