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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