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. 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 and post-industrial economy.

Other articles related to "information economy, economy, information":

Permanence (novel) - Information Economy
... In the "rights economy", all physical objects are nano-tagged so that payment may be enforced for all uses of proprietary information ...
The Wealth Of Networks - Summary - Part 1: The Networked Information Economy
... as a "moment of opportunity" due to the emergence of what he terms the Networked Information Economy (NIE), a "technological-economic feasiblity space" that is the result of the means ... Benkler sees communication and information as the most important cultural and economic outputs of advanced economies ... Benkler's term for this is the Industrial information economy ...
Historical Origins of Industrial Information Economy
... The industrial information economy (aka information economy) traces back to the Industrial Revolution and to the resulting crisis of control ... Advanced industrial nations began to recognize how usable information could be a means of controlling their respective economies ... the notion of efficiently producing and using information was key to controlling physical processes and human behaviour (Benkler 2003, p ...
Development of The Information Society Model
... One of the first people to develop the concept of the information society was the economist Fritz Machlup ... The Japanese have also studied the information society (or johoka shakai, 情報化社会) ... Ideas of a knowledge or information economy, post-industrial society, postmodern society, network society, the information revolution, informational capitalism, network capitalism, and the like, have been debated over ...

Famous quotes containing the words economy and/or information:

    The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.
    Henry David Thoreau (1817–1862)

    I have all my life been on my guard against the information conveyed by the sense of hearing—it being one of my earliest observations, the universal inclination of humankind is to be led by the ears, and I am sometimes apt to imagine that they are given to men as they are to pitchers, purposely that they may be carried about by them.
    Mary Wortley, Lady Montagu (1689–1762)