"Information and Organization" models the economy in terms of the flow of information rather than material goods. Instead of the adversarial exploitation of information gaps, it stresses the creative use of information in decision making and co-ordinating the use of resources.
A superb contribution to the economics of knowledge and information from a Marshallian perspective. The theory elaborated by the book fills an important gap in the economic theory of the firm, and it is likely to open a new line of analysis more attentive to the entrepreneurial function of firms as market-makers.
Mark Casson is Professor of Economics at the University of Reading