New media, the new economy and new spaces

This paper counters proponents of the ‘weightless economy’ who have suggested the ‘death of distance’ in relation to economic and social activities that use the worldwide web (WWW). An analysis of new media developers in New York’s ‘Silicon Alley’ demonstrates that place and distance are still important. The most important aspect of this co-location is the possibility of social interaction. This paper points to the value of analysis of the material practice of the social (and the economic and cultural). The notion of ‘untraded dependencies’ is developed through looking at its manifestation and constitution in the specificity of space, time and economic activity.