Economics for an Information Age

Regular price €51.99
A01=Patrick Spread
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Age Group_Uncategorized
Author_Patrick Spread
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Bargaining Sets
behavioural economics
Bounded Rationality
Category1=Non-Fiction
Category=KCA
Category=KCP
Cognitive Ease
Collective Intentionality
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Democratic Account
economic exchange
economics of information
economics of negotiation
eq_business-finance-law
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Expected Utility Theory
fake news
Formal Support Bargaining
Hereford Mappa Mundi
heterodox economics
imperfect information
information economics
information in economics
Information Interface
Intellectual Support Bargaining
Language_English
Mappa Mundi
Mathematical Codification
Mathematical Probability Theory
McLuhan’s Theories
Mercator Projection
money-bargaining
Neoclassical Economic Model
Neoclassical Economic Theory
Neoclassical Frame
Neoclassical Model
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perfect information
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Prospect Theory
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Social Epistemology
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Support Bargaining Process
Support Bargaining System
support-bargaining
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Viability Condition

Product details

  • ISBN 9780367665081
  • Weight: 620g
  • Dimensions: 156 x 234mm
  • Publication Date: 30 Sep 2020
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
  • Language: English
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Economics for an Information Age examines the central role of information within economics and society. The neoclassical economic model, taught as ‘mainstream economics’ in universities around the world, relies on a mathematical model of ‘resource allocation’ in which private advantage gives rise to public advantage in the shape of an optimal allocation of resources. However, this model assumes ‘perfect information’. In the present ‘information age’ such an assumption is even farther from the reality than it was in the past. People disseminate and manipulate information to further their interests.

This book explains economic behaviour in terms of a theory of ‘money-bargaining’ and political and intellectual ‘support-bargaining’, in which the dissemination of information plays a central role. It uses this lens to explain how information is created, manipulated, disseminated, organised, understood, interpreted, used, bought and sold.

This book will be of interest to mainstream and heterodox economists alike, as well as historians of economic thought, and anyone who seeks to better understand the impact of the information age on economic behaviour.

Patrick Spread received his first degree from Oxford University and a PhD from the London Business School, UK. On leaving Oxford he worked for a few years in London, then undertook various long-term assignments overseas, firstly in the Pacific and subsequently in Asia and Africa. He has written seven books on support-bargaining and money-bargaining, and several journal articles.