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Economics for an Information Age - Money-Bargaining, Support-Bargaining and the Information Interface (Hardcover)
Loot Price: R4,573
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Economics for an Information Age - Money-Bargaining, Support-Bargaining and the Information Interface (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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Economics for an Information Age examines the central role of
information within economics and society. The neoclassical economic
model, taught as 'mainstream economics' in universities around the
world, relies on a mathematical model of 'resource allocation' in
which private advantage gives rise to public advantage in the shape
of an optimal allocation of resources. However, this model assumes
'perfect information'. In the present 'information age' such an
assumption is even farther from the reality than it was in the
past. People disseminate and manipulate information to further
their interests. This book explains economic behaviour in terms of
a theory of 'money-bargaining' and political and intellectual
'support-bargaining', in which the dissemination of information
plays a central role. It uses this lens to explain how information
is created, manipulated, disseminated, organised, understood,
interpreted, used, bought and sold. This book will be of interest
to mainstream and heterodox economists alike, as well as historians
of economic thought, and anyone who seeks to better understand the
impact of the information age on economic behaviour.
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