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This volume traces the history of knowledge, information, and cognate categories as variables in economic thought, from their first appearance in early classical economics, through their place in neo-classical, institutional, and neo-institutional economics, to their role in contemporary investigations in economic psychology. It argues that revision of the methodological assumptions of mainstream economics are necessary to capturing and modeling accurately the welfare implications of information technology innovation and design and adoption process in society.

This volume traces the history of knowledge, information, and cognate categories as variables in economic thought, from their first appearance in early classical economics, through their place in neo-classical, institutional, and neo-institutional economics, to their role in contemporary investigations in economic psychology. It argues that revision of the methodological assumptions of mainstream economics are necessary to capturing and modeling accurately the welfare implications of information technology innovation and design and adoption process in society.