Information as an instrument of structural change : an alternative model of the information economy

McDonald, Stuart. (1997). Information as an instrument of structural change : an alternative model of the information economy Honours Thesis, School of Economics, University of Queensland.

       
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Author McDonald, Stuart.
Thesis Title Information as an instrument of structural change : an alternative model of the information economy
School, Centre or Institute School of Economics
Institution University of Queensland
Publication date 1997
Thesis type Honours Thesis
Total pages 87
Language eng
Subjects 14 Economics
Formatted abstract
This thesis discusses the information economy of Machlup and Porat and Rubin. It is that argued that while the primary information sector (PRIS) is ammenable to modelling within the span of Neo-classical methodology, the secondary information sector (SIS) is beyond its capabilities. This is because the SIS it sets out to describe the information costs associated with bureaucracy. These information costs are associated with organizational capital and for this reason reflect structural change. It is argued that the Neo-classical model is incapable of modelling this structural change.

A new methodology is proposed by first beginning with the pure exchange economy. It is argued that if information is imperfect, this will give rise to the formation of coalitions. The formation of these coalitions will create a mechanism which will explain the creation of the firm and allow the firm to develop.

It is shown that the structural dynamics of the firm in this model exhibit behavioural patterns which are path dependant. It is argued that the path dependant process displayed by the firm reflects organizational development and for this reason constitutes a more effective approach to modelling the SIS.



Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Wed, 24 Nov 2010, 16:54:51 EST by Ning Jing on behalf of The University of Queensland Library