This volume presents a compilation of key papers chronicling the
evolution of the economics of information into the economics of
knowledge. It traces the unfolding of the fertile ambiguity and
ambivalence of the notion of information with the identification
and eventual separation of its two basic, quite distinct meanings:
knowledge and signals. It documents the progressive understanding
that it is not only necessary to search, screen and understand
signals, but also to assess and select them so as to distinguish
between true, false and fake ones. The capability to process
signals and transform them into actual information stems from the
stock of competence and knowledge that individuals and
organizations possess and mobilize. The success of information
economics paves the way to the economics of knowledge and this
review will be an indispensable research tool for all those working
and studying in the field.
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