Economics of Information

3/22/2022

Daily Literary Quote
“It is the greatest truth of our age: Information is not knowledge.”
― Caleb Carr

Prompt
Write a brief reflection on what you have discovered about the relationship between the prevalence of information, people's ability to read it, and its quality/relative value. Consider: literacy rates, ease of publishing, who can publish, who fact checks/filters misinformation, attention spans, the quote above, who has access, who benefits from more people consuming it. At what point in history do you think the supply and demand converged in the ideal balance?

27 Comments

Eliza Fisher

3/22/2022 12:11:53 pm

I think that the more things that are able to read the more people will read. This being said just because you read more doesn't make you smarter. I think that it is easy for people to publish something and it makes things less reliable.

Tyler Hilton

3/22/2022 12:13:10 pm

I agree

Trishelle Sygit

3/22/2022 12:14:32 pm

I agree with you!

Garrett Rich

3/22/2022 12:15:44 pm

that is true just because you read more doesn't mean that you're smarter.

Mason lamont

3/22/2022 12:16:53 pm

What about the converging time when do you think it happened.

3/22/2022 12:17:50 pm

Very smart, your intelligent.

Colter

3/22/2022 12:17:56 pm

I agree with this. Good job

Tyler Hilton

3/22/2022 12:12:40 pm

I’ve learned that as more information is exposed to society the less it is valued and the more likely that information tends to be false or misleading.

Garrett Rich

3/22/2022 12:15:05 pm

I like the way you put that.

Ryan Morgan

3/22/2022 12:16:07 pm

Fantastic!!

Michael Petroni

3/22/2022 12:19:06 pm

I agree, that is very true.

Trishelle

3/22/2022 12:13:44 pm

I think that there are more things to read now a days. Just because you read it though doesn’t mean that it is true. So whatever you read make sure it’s coming from a reliable source.

Mason LaMont

3/22/2022 12:17:39 pm

When do you think the supply and demand converged?

Eliza Fisher

3/22/2022 12:22:44 pm

I agree with you!

Garrett Rich

3/22/2022 12:14:07 pm

In our world today, there is tons of information out there. People can read it, but their attention span is much smaller than it used to be. Today since it is so prevalent it is not as valuable to as many people anymore.

Trishelle

3/22/2022 12:15:21 pm

Yes!!!

3/22/2022 12:16:43 pm

Great explanation.

Michael Petroni

3/22/2022 12:18:26 pm

We live in a society that doesn't need knowledge and instead want the information they can just find.

Tyler Hilton

3/22/2022 12:21:08 pm

I agree.

Ryan Morgan

3/22/2022 12:15:26 pm

There is lots of information but people are so lazy that they don't read it all because they have a short attention span.

Tyler Martens

3/22/2022 12:15:49 pm

With more information available the less truths worthy it can become. People may be getting smarter but the information they are getting "smart" for my and has a high chance of not information being wrong. If you want to know the truth you will have to dig a lot.

Mason Lamont

3/22/2022 12:16:17 pm

The more information available the less valuable it is to society. The more literacy the higher reading rate but lower understanding. I’m not sure when it converged probably around 200-2010

3/22/2022 12:16:24 pm

More literacy is a higher reading rate for higher understanding. Which is more important in today's society.

Michael Petroni

3/22/2022 12:17:14 pm

I don't feel like there is any point in time beyond the beginning of a new benefit in technology does it reach that equilibrium. That is because every time a new advancement in literature, people are learning more. Eventually however the efficiency of our knowledge decreases until the next new advancement in literature occurs.

Colter

3/22/2022 12:17:25 pm

Yeah there is a lot of books in the world but doesn’t make you any smarter by reading them. I’m a living proof of this.

William Rackham

3/22/2022 12:17:40 pm

I think that the more people can read will read when they have the chance to read. With more reading materials people will want to learn to read alot more than having fewer reading materials.

wyatt platz

3/22/2022 12:19:55 pm

People know how to read and search through valuable information. There is more articles in plain sight.

Economics of Information

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