Reflections on Economics: From the Perspective of Philosophy of Information
The term “information” exhibits notable differences in its usage in different genres. In the field of Philosophy of Information, information serves as a primary object of study, while in Economics, information is considered as a research tool. In the process of resource allocation, information funct...
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MDPI AG
2023-08-01
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| author | Hanchen Li Tianqi Wu |
| author_facet | Hanchen Li Tianqi Wu |
| author_sort | Hanchen Li |
| collection | DOAJ |
| description | The term “information” exhibits notable differences in its usage in different genres. In the field of Philosophy of Information, information serves as a primary object of study, while in Economics, information is considered as a research tool. In the process of resource allocation, information functions as an intermediary that connects different entities, and in the study of allocation, information serves as a medium to understand the objective world. In Economics, information is interpreted as “uncertainty eliminated”. The “uncertainty” in economic activities and economic relationships is explicated based on the determined information, and thus, the retrospection of economic information creates predictability. Conversely, from the perspective of the Philosophy of Information, information possesses both determinacy and indeterminacy, and its existence emerges from chaos. In comparison to the understanding of the essence of information in the Philosophy of Information, Economics has relative limitations in comprehending information. This article attempts to reflect on economics from the perspective of the Philosophy of Information to provide a contrast and connection between the two fields. |
| format | Article |
| id | doaj-art-e93195fdebdc40969df9c42e4058c42e |
| institution | DOAJ |
| issn | 2813-0324 |
| language | English |
| publishDate | 2023-08-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Computer Sciences & Mathematics Forum |
| spelling | doaj-art-e93195fdebdc40969df9c42e4058c42e2025-08-20T02:42:40ZengMDPI AGComputer Sciences & Mathematics Forum2813-03242023-08-01813210.3390/cmsf2023008032Reflections on Economics: From the Perspective of Philosophy of InformationHanchen Li0Tianqi Wu1Jinhe Economic Research Center, Xi’an Jiaotong University, Xi’an 710049, ChinaDepartment of Philosophy, School of Humanities and Social Sciences, Xi’an Jiaotong University, Xi’an 710049, ChinaThe term “information” exhibits notable differences in its usage in different genres. In the field of Philosophy of Information, information serves as a primary object of study, while in Economics, information is considered as a research tool. In the process of resource allocation, information functions as an intermediary that connects different entities, and in the study of allocation, information serves as a medium to understand the objective world. In Economics, information is interpreted as “uncertainty eliminated”. The “uncertainty” in economic activities and economic relationships is explicated based on the determined information, and thus, the retrospection of economic information creates predictability. Conversely, from the perspective of the Philosophy of Information, information possesses both determinacy and indeterminacy, and its existence emerges from chaos. In comparison to the understanding of the essence of information in the Philosophy of Information, Economics has relative limitations in comprehending information. This article attempts to reflect on economics from the perspective of the Philosophy of Information to provide a contrast and connection between the two fields.https://www.mdpi.com/2813-0324/8/1/32philosophy of informationeconomicsinformationuncertainty |
| spellingShingle | Hanchen Li Tianqi Wu Reflections on Economics: From the Perspective of Philosophy of Information Computer Sciences & Mathematics Forum philosophy of information economics information uncertainty |
| title | Reflections on Economics: From the Perspective of Philosophy of Information |
| title_full | Reflections on Economics: From the Perspective of Philosophy of Information |
| title_fullStr | Reflections on Economics: From the Perspective of Philosophy of Information |
| title_full_unstemmed | Reflections on Economics: From the Perspective of Philosophy of Information |
| title_short | Reflections on Economics: From the Perspective of Philosophy of Information |
| title_sort | reflections on economics from the perspective of philosophy of information |
| topic | philosophy of information economics information uncertainty |
| url | https://www.mdpi.com/2813-0324/8/1/32 |
| work_keys_str_mv | AT hanchenli reflectionsoneconomicsfromtheperspectiveofphilosophyofinformation AT tianqiwu reflectionsoneconomicsfromtheperspectiveofphilosophyofinformation |