Recent years have seen the development of new theories of market failure based on asymmetric information and network effects. According to the new paradigm, we can expect substantial failure in the markets for labor, credit, insurance, software, new technologies and even used cars, to give but a...

This important book addresses the organizational and economic implications of the new technologies of information and communication. Jannis Kallinikos analyses the recent spectacular growth of information and the self-propelling processes through which technological information is increasingly...