Information Economy

An Information Economy is an economy with a significant number of information-supported transactions.

• • …
• Counter-Example(s):
  • a Subsistence Economy.
  • a Manufacturing Economy.
• See: Digital Good, Digital Economy, Knowledge Economy, Virtual Economy.

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References

2013

• http://en.wikipedia.org/wiki/Information_economy
  • Information economy is an economy with an increased emphasis on informational activities and information industry.

    Manuel Castells states that information economy is not mutually exclusive with manufacturing economy.^{[citation needed]} He finds that some countries such as Germany and Japan exhibit the informatization of manufacturing processes. In a typical conceptualization, however, information economy is considered a "stage" or "phase" of an economy, coming after stages of hunting, agriculture, and manufacturing. This conceptualization can be widely observed regarding information society, a closely related but wider concept.

    There are numerous characterizations of the transformations some economies have undergone. Service economy, high-tech economy, late-capitalism, post-fordism, and global economy are among the most frequently used terms, having some overlaps and contradictions among themselves. Closer terms to information economy would include knowledge economy and post-industrial economy.

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