The services economy: Macroeconomic overview Phuah Eng Chye (12 August 2017) The transition to an information society begins with the ascendency of the services sector. As output becomes increasingly intangible, the services sector supplants the manufacturing sector as the main contributor to the economy. The manufacturing sector then hollows out with its share of GDP … “The services economy: Macroeconomic overview”
Tag: Information society
Macroeconomic frameworks for the information society
Macroeconomic frameworks for the information society Phuah Eng Chye (29 July 2017) Recessions, anaemic investment and rising unemployment are generally viewed as momentary ailments reversible through macroeconomic policy interventions. These policy options are usually considered within the Keynesian-monetarist or free markets-government frameworks. But since the global financial crisis of 2007, it has been noticeable that … “Macroeconomic frameworks for the information society”
The significance of information effects
The significance of information effects Phuah Eng Chye (15 July 2017) I have adopted a simple approach to evolving paradigms for the information society. I start by examining how improvements in information production and use alter economic behaviour. In this regard, societal evolution has been driven by innovations such as languages, books, the telegraph, telephone, … “The significance of information effects”
Introduction to the information society
Introduction to the information society Phuah Eng Chye (1 July 2017) The economics profession has been in an introspective mood since the financial crisis of 2007. As the period of economic stagnation lengthened, there was realisation that conventional theories and policies weren’t working which induced a sense of helplessness. Economic advice was shunted aside and … “Introduction to the information society”