2021
DOI: 10.3390/e23030277
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The Natural Philosophy of Economic Information: Autonomous Agents and Physiosemiosis

Abstract: Information is a core concept in modern economics, yet its definition and empirical specification is elusive. One reason is the intellectual grip of the Shannon paradigm which marginalizes semantic information. However, a precise concept of economic information must be based on a theory of semantics, since what counts economically is the meaning, function and use of information. This paper introduces a new principled approach to information that adopts the paradigm of biosemiotics, rooted in the philosophy of … Show more

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Cited by 5 publications
(2 citation statements)
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“…I picked up this line of thinking in my early contribution to the cultural science agenda, which was part of a book series launched by John Hartley (Herrmann-Pillath 2010). Since then, I have further explored its ramifications, with the distinctive twist of employing naturalistic semiotics (Herrmann-Pillath 2013, 2020, 2021a as established in biosemiotics and physiosemiotics (Herrmann-Pillath and Salthe 2011). Semiotics establishes the missing link between the population level evolutionary analysis of trait diffusion and the micro-level analysis of information (for a related claim, see Cannizarro 2016).…”
Section: The Missing Link: the Brainmentioning
confidence: 99%
“…I picked up this line of thinking in my early contribution to the cultural science agenda, which was part of a book series launched by John Hartley (Herrmann-Pillath 2010). Since then, I have further explored its ramifications, with the distinctive twist of employing naturalistic semiotics (Herrmann-Pillath 2013, 2020, 2021a as established in biosemiotics and physiosemiotics (Herrmann-Pillath and Salthe 2011). Semiotics establishes the missing link between the population level evolutionary analysis of trait diffusion and the micro-level analysis of information (for a related claim, see Cannizarro 2016).…”
Section: The Missing Link: the Brainmentioning
confidence: 99%
“…At present, economic growth can also assist to drive information-oriented by providing the resources and capital needed to invest in technology. Information-oriented and economic growth are mutually reinforcing and both are essential for a region to achieve long-term prosperity [5] .…”
Section: Introductionmentioning
confidence: 99%