The Knowledge We Have Lost in Information: The History of Information in Modern Economics
| Author | : | |
| Rating | : | 4.99 (691 Votes) |
| Asin | : | 0190270055 |
| Format Type | : | paperback |
| Number of Pages | : | 312 Pages |
| Publish Date | : | 2014-06-07 |
| Language | : | English |
DESCRIPTION:
Information is a central concept in economics, and The Knowledge We Have Lost in Information explores its treatment in modern economics. The book begins with a brief primer on information, and then shows how economists have responded over time to successive developments on the concept of information in the natural sciences. In this trenchant investigation, they demonstrate that the history of modern microeconomics is better organized as a history of the treatment of information. This has led to a number of policies, foremost among them: auction design of resources like the electromagnetic spectrum crucial to modern communications. Philip Mirowski and Edward Nik-Kh
What is information for economists, and does its production and transformation in markets bear any relation to Truth and Knowledge? Does an economics of information have any need for economic 'agents'? Do people only get in the way when economists design markets? If the market is the only source of Truth, what is the role of the economist? This book is highly recommended for all hoping to make sense of economics today. The book will help self-reflective economists understand the history and implicit connotations of ideas that are too often tak
He is the author of, among others, More Heat than Light, Machine Dreams, ScienceMart, and Never Let a Serious Crisis Go to Waste.Edward Nik-Khah is an Associate Professor of Economics at Roanoke College (USA). He has completed research on interactions between the Chicago School of Economics, the pharmaceutical industry, and pharmaceutical science; the neoliberal origin