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Information economy

From Wikipedia, the free encyclopedia

The media industry is an example of the information economy.
The media industry is an example of the information economy.

Information economy is an economy with an increased emphasis on informational activities and information industry.

Manuel Castells states that information economy is not mutually exclusive with manufacturing economy.[citation needed] He finds that some countries such as Germany and Japan exhibit the informatization of manufacturing processes. In a typical conceptualization, however, information economy is considered a "stage" or "phase" of an economy, coming after stages of hunting, agriculture, and manufacturing. This conceptualization can be widely observed regarding information society, a closely related but wider concept.

There are numerous characterizations of the transformations some economies have undergone. Service economy, high-tech economy, late-capitalism, post-Fordism, and global economy are among the most frequently used terms, having some overlaps and contradictions among themselves. Closer terms to information economy would include knowledge economy.

YouTube Encyclopedic

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  • Information Economics
  • Why Manufacturing, Not the Information Economy, Is the Key to Future Prosperity (1999)
  • Daniel Large discusses the information economy

Transcription

See also

Also, see The Effective Executive by Peter Drucker (1966); Drucker describes the manual worker (page 2) who works with his hands and produces "stuff". The knowledge worker (page 3) works with his head and produces ideas, knowledge, and information.

Further reading

  • Boyett, Joseph H. And Jimmie T. Boyett. 2001. The Guru Guide to the Knowledge Economy. John Wiley& Sons. John Wiley & Sons
  • Coyle, Diane. 1997. The Weightless World. MIT Press.
  • Evans, Philip B. and Thomas S. Wurster. 2000. Blown to Bits. Harvard Business School Press.
  • Mcgee, James and Lawrence Prusak. 1993. Managing Information Strategically. Random House
  • Negroponte, Nicholas. 1996. Being Digital.
  • Rayport, Jeffrey F. and John J. Sviokla. 1995. Exploiting the Virtual Value Chain. in: Harvard Business Review (no. 1995)
  • Rifkin, Jeremy. 2000. The Age of Access. Penguin Putnam.
  • Schwartz, Evan I. 1999. Digital Darwinism. Broadway Books.
  • Shapiro, Carl and Hal R. Varian. 1999. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press.
  • Tapscott, Donald. 1996. The Digital Economy. McGraw-Hill.
This page was last edited on 16 April 2021, at 16:33
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