All industries are based upon a core of knowledge. Economic evolution is the growth of this knowledge as an experimental and path-dependent process involving markets, firms, finance, entrepreneurship, and often substantial uncertainty. In the set of industries associated with information...

This paper reviews 20 years of information economics in Prometheus. It finds broad coherence about the theme of information as knowledge-capital, as distinct from information as a message in a market-space. The paper suggests that micro-foundations for the Prometheus school of information...

We propose a theory of innovation in services based upon the development of new markets that exploit the powers of ICT to coordinate service production and delivery. As digital communications and computational infrastructure have developed over the past few decades, the scale and scope of the...

This paper proposes a new framework of 'behavioural innovation economics' as a synthesis of behavioural economics and innovation economics in the context of choice under novelty. The standard heuristics and biases framework of behavioural economics is applied to map and analyze systematic choice...