Economics and Information

Economics and Information

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The notion of information is multifaceted. According to the case, it is a simple signal or already knowledge. lt responds to codes and is inscribed into a social relationship. There are clearly many perspectives which the social sciences can take to analyse the notion of information. The economy cannot account for the majority of situations where, in the activities of production, consumption or exchange, the notion of information finds itself implied, although each school of thought has its own understanding of the notion of information. This book takes this observation as a starting point and goes on to clarify a contemporary debate on the economy of information which remains quite vague, making use of the ways in which different theoretical approaches deal with information. To seize the nature and scope of the transformations in our societies, a consequence of our new ways of handling, stocking and circulating information in the workings of the markets like Organisations, such a theoretical exercise seems useful. The organisation of the book results from this choice. The contributions gathered in one part deal with the role of information in the functioning of the markets, those featuring in another are more interested in the organisations. To favour an enriching cross-reading of approaches developed in the two sections already referred to, we have preceded these with a section gathering approaches (which are more transversal) developing different theories of information (according to perspectives which are, respectively, systematic, statistical or strategic).
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Product details

  • Hardback | 214 pages
  • 165.6 x 248.4 x 17.8mm | 485.35g
  • Dordrecht, Netherlands
  • English
  • 2002 ed.
  • X, 214 p.
  • 0792375718
  • 9780792375715

Table of contents

On the authors. Acknowledgement. Introduction. Part One: Information theories. 1. Economics of Information or Economics of Information Systems?; J.-L. Le Moigne. 2. What Economics Borrows from the Statistical Theory of Information; P. Garrouste. 3. Structure and Role of Information and Beliefs in Game Theory; B. Walliser. Part Two: Information and market. 4. Information and Prices; A. Kirman. 5. The Self-centred Logic of Financial Markets; A. Orlean. 6. Theory of Information: from Bounded Rationality to Interpretative Reason; O. Favereau. Part Three: Information and organisations. 7. Information, Knowledge and the Evolutionary Theory of the Firm; P. Cohendet. 8. Information in the Theory of Organization; J. Cremer. 9. On the Codifiability of Knowledge: Technical Change and the Structure of Cognitive Activities; R. Cowan, D. Foray. Part Four: Perspectives and conclusions. 10. The European Policy of Promotion of the Information Society; M. Catinat. 11. Screening the Information Economy Through Theories of Information; P. Petit. Index.
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About Pascal Petit

Pascal Petit is a CNRS director of research , working at CEPREMAP, a research centre in Paris sponsored by the CNRS and the Commissariat General du Plan. He teaches economics at the University of Paris 13 and has produced a number of books and a great many articles on economic growth, productivity, technological change and employment in developed economies.
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