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Libervis: Free Information Based Economy

Dec 21, 2004, 04:00 (3 Talkback[s])
(Other stories by Danijel Orsolic)

[ Thanks to Danijel Orsolic for this link. ]

"Information cannot be traded as it does not have a trade value. This article explains this argument and presents an economic model that does deal with information, but does not involve it's trade.

"But let us first define information.

"One of the best and most clear definitions I've found is that information is 'knowledge acquired through study, experience or instruction.' So basically, information is knowledge. It is a 'know-what,' 'know-where,' 'know-when,' 'know-how' and 'know-why.' When the one knows something it has an information..."

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