Information and the Change in the Paradigm in Economics, Part 1

  title={Information and the Change in the Paradigm in Economics, Part 1},
  author={Joseph E. Stiglitz},
  journal={The American Economist},
  pages={26 - 6}
  • J. Stiglitz
  • Published 2003
  • Political Science, Economics
  • The American Economist
The research for which George Akerlof, Mike Spence, and I are being recognized is part of a larger research program which, today, embraces hundred, perhaps thousands, of researchers around the world. In this lecture, I want to set the particular work which was sited within this broader agenda, and that agenda within the broader perspective of the history of economic thought. I hope to show that Information Economics represents a fundamental change in the prevailing paradigm within economics… Expand
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