Information And Communication In Economics Book

Although there is a burgeoning interest among economists in `information economics', much of the literature adopts a reductionist conceptualization of information, defining it exclusively as reduction in uncertainty, exploring the implications of imperfect information on markets. This neoclassical treatment obscures major interrelations between economic and communicatory processes.
Drawing on a range of distinguished scholarship from both the economic and communication studies disciplines, Information and Communication in Economics explores the implications for economic analysis and our understanding of economic processes of employing a more complete conceptualization of information: information as locus of power; information as evolutionary agent; and media systems as devices for control.

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Draws on a wide range of scholarship from both the economic and communication studies disciplines to explore the implications for economic analysis and the understanding of economic processes of employing a more complete conceptualization of information: information as locus of power; information as evolutionary agent; and media systems as devices for control. In the volume's introductory chapter, D.McL. Lamberton, an early pioneer in the field of information economics, surveys the historical development and present status of orthodox economics' treatments of information/communication. Annotation c. Book News, Inc., Portland, OR (booknews.com)