The Knowledge We Have Lost in Information: The History of Information in Modern Economics, by Philip Mirowski and Edward Nik-Khah

Abstract

Description based upon print version of record. An enlightening examination of the role of information in modern economics and how it influences policy and politics. Cover; Half-Title; The Knowledge We Have Lost in Information; Copyright; Contents; List of Figures and Tables; Acknowledgments; 1. It's Not Rational; 2. The Standard Narrative and the Bigger Picture; 3. Natural Science Inspirations; 4. The Nobels and the Neoliberals; 5. The Socialist Calculation Controversy as the Starting Point of the Economics of Information; 6. Hayek Changes His Mind; 7. The Neoclassical Economics of Information Was Incubated at Cowles; 8. Three Different Modalities of Information in Neoclassical Theory; 9. Going the Market One Better 10. The History of Markets and the Theory of Market Design11. The Walrasian School of Design; 12. The Bayes-​Nash School of Design; 13. The Experimentalist School of Design; 14. Hayek and the Schools of Design; 15. Designs on the Market: The FCC Spectrum Auctions; 16. Private Intellectuals and Public Perplexity: The TARP; 17. Artificial Ignorance; Notes; Bibliography; Index