Synopsis
Information and Organization offers a vision of the economy as a system of structured information flow, counterbalancing the more conventional view of a simple flow of material goods. The structuring is effected by institutions and, in particular, by firms, which specialize in processing the information needed to allocate resources. In place of the orthodox emphasis on the adversarial use of asymmetric information, the book stresses the use of information for creative purposes--for decision-making and coordinating the use of resources.
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Product Description
Information and Organization "Information and Organization" models the economy in terms of the flow of information rather than material goods. Instead of the adversarial exploitation of information gaps, it stresses the creative use of information in decision making and co-ordinating the use of resources. Full description
Review
"Casson's INFORMATION AND ORGANIZATION has much to offer scholars and graduate students in management studies...thoughtful and scholarly discussion on an information-based theory of the firm."--Academy of Management review
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