Many governments are pursuing with relentless vigor a
neoconservative/transnational corporate program of globalization,
privatization, deregulation, cutbacks to social programs, and
downsizing of the public sector. Countries are forming into giant
"free trade" blocs. Increasingly they lack the will and desire to
resist encroachments of world "superculture". Furthermore, they
encourage heightened commoditization of information and knowledge,
for instance through provisions in bilateral and multilateral trade
treaties. The analytical underpinning and ideological justification
for this neoconservative/transnational corporate policy agenda is
mainstream (neo-classical) economics.
Focusing on the centrality of information/communication to
economic and ecological processes, "Communication and the
Transformation of Economics" cuts at the philosophical/ideological
root of this neoconservative policy agenda. Mainstream economics
assumes a commodity status for information, even though information
is indivisible, subjective, shared, and intangible. Information, in
other words, is quite ill-suited to commodity treatment. Likewise,
neoclassicism posits communication as comprising merely acts of
commodity exchange, thereby ignoring gift relations; dialogic
interactions; the cumulative, transformative properties of all
informational interchange; and the social or community context
within which communicative action takes place.
Continuing in the tradition of writers such as Russel Wallace,
Thorstein Veblen, Karl Polyani, E. F. Schumacher, Kenneth E.
Boulding, and Herman Daly, Robert Babe proposes infusing mainstream
economics with realistic and expansive conceptions of
information/communication in order to better comprehend
twenty-first-century issues and progress toward a more sustainable,
more just, and more democratic economic/communicatory order.
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