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Titlebook: Information and Communication in Economics; Robert E. Babe Book 1994 Springer Science+Business Media New York 1994 Nation.Transnational.ag

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The Place of Information in Economics,nto areas as diverse as family planning, racial discrimination, crime, marriage, divorce, drug addiction, politics, suicide. Indeed, for such “economic imperialists,” (Stigler, 1988, pp. 191–205), “. behavior involving scarce resources” can be illuminated by neoclassical price theory (Adams and Brock, 1991, p. 6).
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Book 1994nformation, defining it exclusively as reductionin uncertainty, exploring the implications of imperfect information onmarkets. This neoclassical treatment obscures major interrelationsbetween economic and communicatory processes..Drawing on a range of distinguished scholarship from both the economic
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0924-199X understanding of economic processes ofemploying a more complete conceptualization of information:information as locus of power; information as evolutionary agent; andmedia systems as devices for control..978-94-010-4977-1978-94-011-2204-7Series ISSN 0924-199X
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Economic Theory: Rhetoric, Reality, Rationalization,e on guard against all generalization of ideas that causes us to lose sight of the facts…. There is perhaps no manner of reasoning that exposes itself to more errors than that which consists of constructing a hypothetical world entirely different from the real world, for the purpose of applying one’s calculations” (1827, pp. 3–4).
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