Information economy

Short description: Economy where information is calued as a capital good

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Coordination

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Other types

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* World

* v
* t
* e

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, where information is valued as a capital good.[1] The term was coined by Marc Porat, a graduate student at Stanford University, who would later co-found General Magic.[2]

Manuel Castells states that information economy is not mutually exclusive with manufacturing economy.[3] 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.

## Contents

* 1 See also
* 2 Further reading
* 3 References
* 4 External links

## See also

* Capitalism
* Creative industry
* Digital economy
* Electronic business
* Electronic commerce
* Information superhighway
* Information market
* Information revolution
* Information society
* Intellectual property
* Knowledge economy
* Knowledge market
* Knowledge policy
* Network economics
* Online advertising
* Platform capitalism
* Surveillance capitalism
* Virtual economy

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.

## References

1. ↑ Coiera, E. (2000-05-01). "Information Economics and the Internet" (in en). Journal of the American Medical Informatics Association 7 (3): 215–221. doi:10.1136/jamia.2000.0070215. ISSN 1067-5027. PMID 10833157.
2. ↑ Fisher, Adam (2018-08-01). "The Company That Invented the iPhone in 1990" (in en-us). https://nymag.com/intelligencer/2018/08/general-magic-oral-history-of-the-influential-tech-company.html.
3. ↑ Castells, Manuel (1997). The information age: Economy, society and culture (3 volumes). Blackwell. pp. 1998.

## External links

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