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2008 | Vol. 11 | 107--120
Tytuł artykułu

Creating and Diffusing Scientific Information - Some Issues

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Changes in the production structure, first from agriculture to industry and then from industry to services, have led to Information becoming an important factor of production. In mainstream neo-classical economic theory it is assumed that markets function properly, based on the assumption that perfect information is available. However, the following rhetorical question may be asked, why do scientists write about such issues when Information, theoretically, is available? Coase [1937], by explaining the importance of transaction costs (costs of searching for Information, negotiation, as well as monitoring and enforcement of contracts or agreements) for the existence of firms gave an impulse for bringing informational issues to the attention of economists. Akerlof [1970] in his famous article on "The market for lemons" showed that markets malfunction or may even not exist or disappear when there is a lack of Information or asymmetric information exists. Informational problems are an important reason for market failures, which is one of the arguments that has been used to criticise the uneven effects of globalisation [Stiglitz, 2002]. As Woźniak [2000] argues, most social and economic problems exist in less developed countries, while almost all scientific research is carried out in highly developed countries. The creation and control of information may create a comparative advantage and lead to increasing disparities in economic and social development. (fragment of text)
Rocznik
Numer
Strony
107--120
Opis fizyczny
Twórcy
autor
  • Opole University, Poland
  • University of York, England
  • High School no. 2 "K.F. Libelt", Krotoszyn, Poland
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171627096

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