Information, Knowledge and Agency: The Information Theoretic Approach and the Austrians

摘要: Both the Information Theoretic Economics and Austrian investigate impact on market activity of problems information knowledge. The conceptions knowledge they employ, however, as well their respective views treatment economic agency, are quite different. purpose this paper is to examine these differences, not primarily from an abstract philosophical point view, but by looking at substantive examples economics offered two approaches. An attempt made explain preference for non-formalist approaches analysis.