Economic Behavior and Economic Relations

Ivan Nikolov

Economic Thought journal, 2008, issue 1, 3-12

Abstract: In the end of the 40s Claude Shannon created the formula for the information unit – one bit. Since then the problem for the information essence of economic processes and of occurrences in general gave birth to a new direction in science, but the information theory remains undeveloped. This study makes a modest attempt to clarify this scientific direction.

JEL-codes: B22 B41 (search for similar items in EconPapers)
Date: 2008
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