The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.


Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World (ed. Regnery Publishing, 2013) - ISBN: 9781621570271


The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of...

The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of...

The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of...

The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of...