Chapter

The Historical Significance of Information Costs

Mark Casson

in Information and Organization

Published in print January 2001 | ISBN: 9780198297802
Published online November 2003 | e-ISBN: 9780191596063 | DOI: http://dx.doi.org/10.1093/0198297807.003.0010
The Historical Significance of Information Costs

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Examines some of the long‐term changes in economic institutions that have been driven by changes in information costs. The costs of recording, storing, retrieving, and communicating information have all changed significantly over time, though at different rates over different periods. The switch from custom to contract, the rise and decline of bureaucracy, and other significant changes can all be explained in these terms.

Keywords: bureaucracy; communication; contract; custom; memory

Chapter.  10585 words. 

Subjects: Microeconomics

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