This article shows how the increase of information availability due to new technologies positively affects aggregate entrepreneurship in national economies. We rely on an “occupational choice” model of managerial production, extended to include the managerial use of information, to explain...

We show why the new information abundance - the IT revolution - shifts and distorts the size distribution of firms, explaining the general and continuing downsizing trend of the recent decades, and reversing the previous 1880/1960-70 secular increase of big business. We formulate an information...

We explain the firm downsizing trend of the recent decades by the new abundance of information - the ICT revolution. Production processes differ in their information requirements: while decentralized production by means of market exchanges is information-intensive, less information per unit of...