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      EXAMINING THE IMPLICATIONS OF CHANGING INFORMATION AND COMMUNICATION STRUCTURES: THE UK PICT

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      research-article
      Prometheus
      Pluto Journals
      information, economics, information and communication technologies, UK PICT
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            Abstract

            The convergence of rapidly improving computer and telecommunication technologies is having a profound impact upon almost all social institutions. The characteristics of information gathering, storage, processing and dissemination affect the nature of markets and the structure of industry, as well as the competitiveness of firms and the prosperity of regions. They affect the internal structure of organizations including corporations, government agencies, political parties, and social groups. They affect the formation and distribution of social and cultural networks, the characteristics of work and education, the content of the mass media, and the information environment through which public opinion is formed. This paper discusses some characteristics of information markets and examines the power of the information assumptions. The needed research must be directed toward assessing the long-term implications of institutional change. The UK Programme on Information and Communication Technologies (PICT) is described and its progress reported.

            Content

            Author and article information

            Journal
            cpro20
            CPRO
            Prometheus
            Critical Studies in Innovation
            Pluto Journals
            0810-9028
            1470-1030
            December 1987
            : 5
            : 2
            : 221-236
            Affiliations
            Article
            8629440 Prometheus, Vol. 5, No. 2, 1987: pp. 221–236
            10.1080/08109028708629440
            ea95b2d7-4597-4f1e-8c9e-3a614d1c7df2
            Copyright Taylor & Francis Group, LLC

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Page count
            Figures: 0, Tables: 0, References: 11, Pages: 16
            Categories
            Original Articles

            Computer science,Arts,Social & Behavioral Sciences,Law,History,Economics
            economics,information and communication technologies,information,UK PICT

            NOTES AND REFERENCES

            1. Melody W. H.. 1987. . UK research on implications of information and communication technologies. . Telecommunications Policy . , Vol. 11((1)) March;: 11

            2. See W. H. Melody, ‘Information: an emerging dimension of institutional analysis’, Journal of Economic Issues, Autumn 1987.

            3. F. A. Hayek, ‘The use of knowledge in society,’ American Economic Review, 35, September 1945, p. 520. See also, K. J. Arrow, ‘Limited knowledge and economic analysis’, American Economic Review, 64, 1, 1974, p. 1–10, and T.C. Koopmans, Three Essays on the State of Economic Science, McGraw-Hill, New York, 1957.

            4. Hayek, op. cit., p. 521.

            5. Hayek, op. cit., p. 530.

            6. ibid.

            7. Machlup F.. 1980–84. . Knowledge: Its Creation, Distribution, and Economic Significance . , Vol. Vol. 3. , Princeton , N.J. : : Princeton University Press. .

            8. Boulding K. E.. 1960. . “The present position of the theory of the firm. ”. In Linear Programming and the Theory of the Firm . , Edited by: Boulding K. E. and Spivey W. A.. p. 6 New York : : Macmillan. .

            9. K. J. Arrow, ‘Economic welfare and the allocation of resources for invention’ in National Bureau of Economic Research, The Rate and Direction of Inventive Activity: Economic and Social Factors, Princeton University Press, Princeton, 1962, pp. 609–25; P. A. Samuelson, ‘The pure theory of public expenditure’, Review of Economics and Statistics, 36, 4 (November 1954), pp. 387–89.

            10. O. E. Williamson, The Economic Institutions of Capitalism, The Free Press, New York and Collier Macmillan, London, 1985.

            11. The Economist, 2 April 1983, p. 111.

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