Critique and Informational Cycles

Informational Business Cycles

Noisy Implementation Cycles and the Informational Role of Policy

Macroeconomic models of fluctuations based on self-fulfilling equilibria require that expectations and beliefs are common knowledge to all economic agents. If instead we assume that there is some noise in the firms' perception of the fundamentals then the results change significantly, even if the noise is small. Using Shleifer's (1986) implementation cycle model, we show that, in the presence o...

A Contribution to the Critique of the Political Economy of Transnational Informational Capitalism

Concepts like knowledge society, information society, postmodern society, postindustrial society, Internet society, and network society fail to grasp the dialectic of the continuity and discontinuity of society. These concepts take the changes associated with new media as radical novelties and ignore the continuing dominance of capitalist structures. Contemporary capitalism is highly antagonist...

From Informational Confidence to Informational Intelligence

This paper is a continuation of my previous work on informational confidence. The main idea of this technique is to normalize confidence values from different sources in such a way that they match their informational content determined by their performance in an application domain. This reduces classifier combination to a simple integration of information. The proposed method has shown good res...

Contraction and Informational Value

*Thanks are due to Hans Rott and Maurice Pagnucco who have commented on the July draft of this essay and who subsequently sent me a draft of their ideas on contraction. I have sought here to explain how I came to change my mind and favor mild contractions (or severe withdrawals as Rott and Pagnucco call such contractions) and to indicate some of the relations between the approach of Rott and Pa...