Description - The New Old Economy by Josh Whitford
American manufacturing is in obvious crisis: the sector lost three million jobs between 2000 and 2003 as the American trade deficit shot to record highs. Manufacturers have increasingly decentralized productive responsibilities to armies of supplier firms, both domestically and abroad. Many have speculated as to whether or not manufacturing is even feasible in the United States, given the difficulties. Josh Whitford's book examines the issues behind this crisis, looking at the emergence of a 'new old economy', in which relationships between firms have become much more important. Whitford shows that discussion of this shift, in the media and in the academic literature, hits on the right issues - globalization, de-industrialization, and the outsourcing of production in marketized and in network relationships - but in an overly polarized way that obscures as much as it enlightens. Drawing on the results of extensive interviews conducted with manufacturers in the American Upper Midwest, Whitford shows that the range of possibilities is more complex and contingent than is usually recognised.
Highlighting heretofore unexamined elements of constraint, contradiction, and innovation that characterize contemporary network production models, Whitford shakes received understandings in economic and organizational sociology, comparative political economy, and economic geography to reveal ways in which the American economic development apparatus can be adjusted to better meet the challenges of a highly decentralized production regime.
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(241mm x 163mm x 19mm)
Oxford University Press
Publisher: Oxford University Press
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Book Reviews - The New Old Economy by Josh Whitford
Author Biography - Josh Whitford
Josh Whitford is Assistant Professor of Sociology at Columbia University. He received his MA and PhD in Sociology from the University of Wisconsin, where he was the recipient of a Fulbright Fellowship (spent at the European University Institute in Italy) and the Lumpkin Award for the best dissertation in sociology, 2002-03. He then spent a year as a Post-Doctoral Fellow at the Max Planck Institute for the Study of Societies in Cologne, Germany. His research cuts across disciplinary boundaries, contributing to and drawing on economic and organizational sociology, Comparative Political Economy, Economic Geography, and pragmatist social theory in analyses of the social, political, and institutional implications of productive decentralization (outsourcing). He has published papers in Economy and Society, Theory and Society, and Industry and Innovation.