Economical Behaviour and Economic Relations

Ivan Nikolov

Economic Thought journal, 2008, issue 7, 64-72

Abstract: In the late 40-ies of XX c., Claude Shannon developed the formula for the information unit, the bit. Since then, the problem concerning the informative essence of the economic processes and the phenomena in general initiated a new direction in science. However, the information theory has still remained undeveloped. The current article makes a modest attempt to make clarifications about the said theoretical direction.

JEL-codes: B22 B41 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2008:i:7:p:64-72

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