This website uses cookies to ensure you have the best experience. Learn more

Analysis Of “ Communication And The Transformation Of Economics” By Robert E. Babe

809 words - 4 pages

Economist (traditional and non traditional) ponders the proper economical characterization and analysis of this era of information industries. The author, Robert E. Babe address several keys points through out the first four-chapters of this book. Evaluating money as a true measuring rod for economist to obtain information concerning value, the place for information in economics using commodities as signs or indicators in the market, also Interrelations between economic and communication studies.
Babe, present two situations were money could either measure information and/or carry information concerning the value of information, while using neoclassicism as his mode (p.10). Using ...view middle of the document...

28). Babe stated four reasons why mainstream economics analyses are disconnecting for economic studies of information industries (p.31), although I did not agree with all the reasons listed. I shared Babe views that mainstream economic analyses of information industries for the most part are fundamentally flawed. So how would commodities communicate signs or indicate information about the market? I would agree with Babe, that it initially starts with the price system (p.32). Within the competitive system pricing are announced when the household and the firm reach a proper equilibrium, based on holding of goods against the transforming of inputs into outputs. Babe states that “the prices are then, according to the pure theory, the only communication that needs to be made in addition to the information held initially by the agents”(p.33) Economics as communication is a topic address later on in the chapter (p.40), were two models of communication systems are introduced, economists' "market" and the communicologists "communication" systems. “ Which of these two models-the market or the communication system –is most apt for any given analysis hinges on whether it is commodity or information that is being exchanged. If what is exchanged is “inert,” exerting no effect or influence upon the perceptions, values or cognitive patterns of the receiver and if monetary payments is made in compensation, then truly the economist’ “market “ is operative.”(p41).
Chapter Four dicussed and compared Economic and Communication studies, also known as...

Find Another Essay On Analysis of “ Communication and the Transformation of Economics” By Robert E. Babe

The story of Babe Ruth Essay

872 words - 4 pages parents knew that he was on the wrong path and switched him into a Catholic school at the age of seven. This is where he discovered and fell in love with the game of baseball. This was the start of a legend in the making. Babe Ruth attended St. Mary's Catholic School. There he was coached by a man with the name of Brother Mathis. Until George Jr. was 19 he worked with Brother Mathis on all parts of his game, hitting, catching, pitching, etc. By

The life of Babe Ruth Essay

1546 words - 6 pages THE LIFE OF BABE RUTHBabe Ruth, born George Ruth, Jr., is considered by many to be the greatest baseball player of all time. Everybody knows how great a hitter Babe was and how he virtually invented the home run. Not everybody knows how great of a pitcher Babe was, even though he was one of the best left-handed pitchers of all time. Babe had a 92 and 44 record, 67.6%, and a 2.24 career earned- run average in 163 games pitched. Not many career

The Trials and Triumphs of Robert E. Hayden

1236 words - 5 pages The poem that I chose was Those Winter Sundays written by Robert Earl Hayden. This poem is about a man who reflects back on his troubled childhood. As an adult, Robert can see that the bad things he endured as a child were not entirely his father?s fault. He realized the positive things that his dad did for him and regrets not saying Thank-you. There are many influences in which could have played a part in Those Winter Sundays. Some of the

The Process of Inserting the GFP – containing Plasmid of pGLO into E. coli by Means of Heat Shock Transformation

1984 words - 8 pages centrifuge tubes by use of the micropipette. As these are brought back they were placed on ice to cool. Using a sterile loop a single colony of E. coli was picked up and transferred to one of the two tubes. The transformation was done by placing the bacteria covered loop into the transformation solution in the micro centrifuge tube and spinning it in a circle until there appeared to no longer be any “clumps” of the bacteria visible to the human

The Analysis of the Transformation of Eliza

1223 words - 5 pages The play "Pygmalion" describes the process of the transformation of Eliza, who appears in three images in the story: Eliza begins as a flower girl, then she transforms into a lady with noble accent and in good manners, then an independent woman with self-respect and dignity. By naming his drama "Pygmalion," Shaw reminds people of the ancient Pygmalion Myth. Pygmalion, a sculptor, makes a beautiful statue and falls in love with his own

Literary Analysis of The Strange Case of Dr. Jekyll and Mr. Hyde” by Robert Louis Stevenson

1846 words - 8 pages The city of London proved to be the sole dominant location in the 1800’s during the Victorian era in this novel. As the story unfolds in the classic literature novel, “The Strange Case of Dr. Jekyll and Mr. Hyde” written by Robert Louis Stevenson, the magnificent city of London becomes a darker and mysterious location. The powerful city of London embodied the freedom and solitude required for the antagonist of the story, Mr. Hyde to hide his


3512 words - 14 pages COMPARATIVE OF THE LIVES AND TIMES, AND POETRY OFROBERT HERRICK & A. E. HOUSMANRobert Herrick was a 17th-century English lyric poet and cleric. Born in London in 1591, he lived to the age of 83 and was buried in 1674. By age sixteen, Herrick began an apprenticeship as a goldsmith with his uncle, which ended after six years. At the age of twenty-two, Herrick attended Saint John's College, Cambridge. Between his graduation from Cambridge in

The Two Sides of the Civil War: Viewpoints of Robert E. Lee and Abraham Lincoln

1108 words - 5 pages from Virginia they had to fight for the Confederacy. One of the men this happened to was Robert E. Lee. He was fighting with the Confederacy and his son was fighting with the Union. That alone would be hard and then you add to it that he did not want to fight, “I shall mourn for my country and for the welfare and progress of mankind.” He was very against the war, yet still fought in it. This is why most people fought in the civil war, yet it

Analysis of The Hot Zone by Robert Preston

844 words - 3 pages Analysis of The Hot Zone by Robert Preston The Hot Zone written by Robert Preston is a true story describing twenty-three years of shocking and frightening outbreaks of three deadly, incurable filoviruses: Marburg, Ebola Sudan, and Ebola Zaire. In the book, these highly infectious viruses sweep through Africa with a horrifying and devastating range of effects, killing 50% to 90% of their victims. The filoviruses did not remain in the rain

An essay about transformation by theatre in Shakespeare's "The Tempest". Transformation of Prospero, of the audience and of Shakespeare himself

972 words - 4 pages 1. The Transformation of ProsperoIn Shakespeare's "The Tempest" the figure of Prospero, the former Duke of Milan, forms the key element of all actions and developments throughout the play. He incorporates absolute power over the other characters and generates the plot of the play almost uninfluenced. For an in-depth understanding of the play it is therefore indispensable to analyse whether or not he undertakes a transformation in character or

Analysis of The Road Not Taken, by Robert Frost

1331 words - 6 pages during their journey of life. Mindful that only one path can be traveled, the speaker is wary with his decision “long I stood | And looked down one as far as I could | To where it bent in the undergrowth” (lines 3-5). This is where most people’s opinions are formed. For example, an online article written by William Pritchard, states that the speaker’s decision upon choosing a road was due to an instinct, and was not decided upon by careful

Similar Essays

Analysis Of “ Communication And The Transformation Of Economics” By Robert E. Babe Chapter 1 4

713 words - 3 pages policy issues for each category it affects. In this part of the book Braman defines how information policy affects identity and the structure of society. Furthermore an in depth analysis of how new borders is defined and then furthers the creation of new laws is presented. This book is attempting to prove that the power of the informational state is threatened by the increase of technology. Chapters five and six explain the separation of the

Character Analysis Of E.K. Hornbeck In "Inherit The Wind" By Robert. E. Lee

894 words - 4 pages The Devil’s Little FriendEvery person in the world is out to get something. Whether it is fame, fortune, or to just be a good person, everybody is working to reach that one thing that would make them happy or at least feel good. In Inherit the Wind by Jerome Lawrence and Robert E. Lee, the character E.K. Hornbeck has three main interests at hand. He is overly concerned about getting his opinion heard no matter who agrees or disagrees with

Review Of "The Union, The Confederacy, And The Atlantic Rim" By Robert E. May

2043 words - 8 pages , and their lack of military preparedness, underscores the complexities of the conflict by their lack of understanding of tactical readiness. Robert Mays’ work is of extraordinary quality in which he makes use of the works of all the writers mentioned, and their perception of the conflict followed with a follow-up questions and answers. He sheds light on the some of the hardest fought debates the Europeans had on whether or not to intervene, since

Freedom Of Thought In "Inherit The Wind" By Jerome Lawrence And Robert E. Lee

924 words - 4 pages tell children people evolved from monkeys and not created by the Lord must be evil too.All it says is that man wasn't just stuck hereLike a geranium in a flower pot; that livingComes from a long miracle, it didn't justhappen in seven days.But we don't live at the top of the world.We live in Hillsboro, and when the sungoes down, its dark and why do you tryto make it different?You make it sound as if Bert is a hero.I'd like to think that, but I