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A TELECOMMUNICATIONS INFRASTRUCTURE IS NOT AN INFORMATION INFRASTRUCTURE
Abstract
We are now living in the Information Age, where information-handling activities, taken, together, are the dominant claim on resources. The infrastructure needed to make this socio-economic system work is much more than the phones, switches, cables and satellites of the telecommunications engineers and the telecommunications equipment industry. The other complementary resources are a mix of people with skills, organizational capital, markets, a legal framework, regulatory institutions, and, especially, information stocks. Our concept of capital has to take in this mixed bag of resources.
A focus on the social and economic implications of the growth of codified knowledge may well contribute to understanding the complex processes of change given new emphasis by the Information Age. One way of tackling this task is to develop a taxonomy of information, based on its economically significant characteristics, to replace the general purpose concept now in wide use.
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NOTES AND REFERENCES
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