August 2020 – Economics of Information Society

Economics of data (Part 4: The data economy)

Economics of data (Part 4: The data economy) Phuah Eng Chye (29 August 2020) Does the new information economy have new economics, in the long run? When the economy shifted from agrarian to industrial, economists focused on capital accumulation and removed land from production functions. As we shift from an industrial to a knowledge economy, … “Economics of data (Part 4: The data economy)”

Economics of data (Part 3: Relationship between data and value and the monetisation framework)

Economics of data (Part 3: Relationship between data and value and the monetisation framework) Phuah Eng Chye (15 August 2020) At the macroeconomic level, it is difficult to simplify the relationship between data and aggregate value. For example, the marginal revenue concept is used to explain why although data (like water) is essential, it is … “Economics of data (Part 3: Relationship between data and value and the monetisation framework)”

Phuah Eng Chye

I was formerly a securities regulator and equities analyst. I started writing these articles (and a book) because I felt that there were a lot of economic theories that didn’t seem to match up to the realities we are facing. This also means that a lot of policies (based on these theories) are wrong. So I’ve tried to make sense of how things worked based on the paradigm of an information society. Its a challenging topic and difficult to pin down. This means I have had to explore issues over a wide range of policy areas. Over the next few months, I will cover the service economy, the sharing economy, household and work structures before moving onto policy issues on the anorexic economy (role of corporates, basic income, housing affordability) and the financialisation process (capital, monetary policy, securities regulation).

Date	Article/Event
29 June 2024	The dismal decade (Part 6: Driving forces and 2030 scenarios)