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In 2001, the Nobel prize in economics was awarded to George Akerlof, Michael Spence, and Joseph E. Stiglitz "for their analyses of markets with asymmetric information."
Read more about this topic: Information Economics
Famous quotes containing the word information:
“As information technology restructures the work situation, it abstracts thought from action.”
—Shoshana Zuboff (b. 1951)
“I believe it has been said that one copy of The Times contains more useful information than the whole of the historical works of Thucydides.”
—Richard Cobden (1804–1865)
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