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Economical Behaviour and Economic Relations

88 Citations2008
I. Nikolov
Economic Thought journal

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Abstract

In the late 40-ies of XX c., Claude Shannon developed the formula for the information unit, the bit. Since then, the problem concerning the informative essence of the economic processes and the phenomena in general initiated a new direction in science. However, the information theory has still remained undeveloped. The current article makes a modest attempt to make clarifications about the said theoretical direction.