Economics of Information or Economics of Information Systems ?

Some Systemic Modelling Considerations about a Complex Concept
  • Pascal Petit
Chapter

Abstract

Information can not be destroyed by use, it grows when shared and it expands when used. So Information offers few interesting features for the “normal mainstream” (T.S. Kuhn) or even the “enlarged-normal mainstream” (O. Favereau) Economics. The emergence of an “economics of information” (in the 1940’s) needed semantic shifts for information to amount to either to an organisational transaction (as J. Cremer shows about the Coasian thesis, 1937) or to a class of stable and physically-materialised items which could be analysed as potential energy-carrier sub-particles (the “quanta of data” which should be treated as if it equated the energy-like dimensions, then with erg by degree!) as L. Brillouin (1956) desperately tried to demonstrate. Those exercises led to the very first formulations of an “economics of organization”, of an “economics of transmission” (and to some extent — probably less so — to an “economics of communication”) and an “economics of electronics” which allowed the transmission, processing and the storage of electric-signal systems (usually called “information technology”). While interesting, those exercises do not really allow to move towards a “standard economics of information”(a “normal science”), whatever the extent to which citizens and economists desire it.

Keywords

Information Concept Reasoning Mode Channel Choice Semantic Shift Intelligent Knowledge 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Pascal Petit
    • 1
  1. 1.ParisFrance

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