Information establishes a relation between things and agents. - Max Boisot

The production of information and its use in transactions both incur costs and are thus subject to economizing. In the 1970s, there occurred a revival of interest among economists in the economics of transaction, and Oliver Williamson in particular, building on the earlier work of Ronald Coase and John Commons, has explored the different institutional arrangements that govern transactional choices.

Failure to properly conceptualize the nature of knowledge assets condemns firms.

Data itself can be thought of as an energetic phenomenon that links us in our capacity as knowing subjects to an external physical world.