{"product_id":"knowledge-we-have-lost-in-information-the-history-of-information-in-modern-economics-9780190270056","title":"Knowledge We Have Lost in Information: The History of Information in Modern Economics","description":"Information is a central concept in economics, and\u003cem\u003e The Knowledge We Have Lost in Information\u003c\/em\u003e explores its treatment in modern economics. The study of information, far from offering enlightenment, resulted in all matter of confusion for economists and the public. \u003cp\u003e\u003c\/p\u003ePhilip Mirowski and Edward Nik-Khah argue that the conventional wisdom suggesting economic rationality was the core of modern economics is incomplete. In this trenchant investigation, they demonstrate that the history of modern microeconomics is better organized as a history of the treatment of\u003cbr\u003einformation. The book begins with a brief primer on information, and then shows how economists have responded over time to successive developments on the concept of information in the natural sciences. Mirowski and Nik-Khah detail various intellectual battles that were fought to define, analyze, and\u003cbr\u003eemploy information in economics. As these debates developed, economists progressively moved away from pure agent conscious self-awareness as a non-negotiable desideratum of economic models toward a focus on markets and their design as information processors. This has led to a number of policies, \u003cbr\u003eforemost among them: auction design of resources like the electromagnetic spectrum crucial to modern communications. \u003cp\u003e\u003c\/p\u003e\u003cem\u003eThe Knowledge We Have Lost in Information\u003c\/em\u003e provides insight into the interface between disputes within the economics discipline and the increasing role of information in contemporary society. Mirowski and Nik-Khah examine how this intersection contributed to the dominance of neoliberal approaches to\u003cbr\u003eeconomics, politics, and other realms.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Philip Mirowski, Edward Nik-Khah\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/03\/2017\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 312\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.90lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.50h x 5.90w x 1.00d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780190270056\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cstrong\u003ePhilip Mirowski\u003c\/strong\u003e is Carl Koch Professor of Economics and the History and Philosophy of Science at the University of Notre Dame. He is the author of, among others, \u003cem\u003eMore Heat than Light\u003c\/em\u003e, \u003cem\u003eMachine Dreams\u003c\/em\u003e, \u003cem\u003eScienceMart, \u003c\/em\u003e and \u003cem\u003eNever Let a Serious Crisis Go to Waste\u003c\/em\u003e. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cstrong\u003eEdward Nik-Khah\u003c\/strong\u003e is an Associate Professor of Economics at Roanoke College (USA). He has completed research on interactions between the Chicago School of Economics, the pharmaceutical industry, and pharmaceutical science; the neoliberal origins of economics imperialism; the distinctive role of George\u003cbr\u003eStigler as architect of the Chicago School; and the tensions emerging from economists' assumption of a professional identity as designers of markets, for which he won the K William Kapp Prize from the European Association for Evolutionary Political Economy.\u003cbr\u003e\u003cbr\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":39929198608499,"sku":"9.78E+12","price":45.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_c073ad24-a7bf-4ca3-8c48-95cd844ee46e.jpg?v=1647611023","url":"https:\/\/bookstorenmore.com\/products\/knowledge-we-have-lost-in-information-the-history-of-information-in-modern-economics-9780190270056","provider":"Bookstore N More","version":"1.0","type":"link"}