Mirowski and Nik-Khah ask questions of current economics and its direction that no one else is asking. What is information for economists, and does its production and transformation in markets bear any relation to Truth and Knowledge? Does an economics of information have any need for economic 'agents'? Do people only get in the way when economists design markets? If the market is the only source of Truth, what is the role of the economist? This book is highly recommended for all hoping to make sense of economics today.
John B. Davis, Marquette University and University of Amsterdam The Knowledge We Lost in Information reveals how many concepts familiar to the average microeconomist have surprising intellectual roots. It tells the fascinating history of how the concept of information made its way into economics, emphasizing the way Friedrich Hayek used it to argue against the feasibility of socialism. The book will help self-reflective economists understand the history and implicit connotations of ideas that are too often taken for granted.
Thomas Vass, Manager of The Young Scholars Initiative, Institute for New Economic Thinking Mirowski's and Nik-Khah's book provides an entirely new reconstruction of the intellectual history of Post-World War II economics centered on the construction of the notion of information. The Knowledge We Have Lost in Information is an innovative and inspiring essay, built as a modern spy novel.
Annie L. Cot, University Paris 1 Panth on-Sorbonne A blazing jeremiad, a cage-shaking roar, a flaming bolt across the bow of market design and the confused, often self-serving notions of information on which it is based. Mirowski and Nik-Khah have written an Emperor's New Clothes for post-World War II economics, exhuming deep history to expose incoherencies and shatter the mirror-hall of agents who know nothing, everything, or something
somehow all at once.
Paul N. Edwards, Paul N. Edwards, Professor of Information and History, University of Michigan