In 21st Century Economics, editors Halal and Taylor have assembled a group of leading economists and scholars to provide authoritative analyses of the powerful forces now shaping economic systems, and to estimate where these trends are headed. The essays compare the Information Revolution of today to the Industrial Revolution of yesterday, and show how for the first time in history, economic affairs are being organized around the pursuit of knowledge. Exploring the causes and the effects of this new technological foundation for economic systems, the chapters reveal the invigorating benefits and unprecedented challenges that are sure to be a part of what some call the "central nervous system" of knowledge and information. 21st Century Economics helps readers to grasp the revolutionary nature of the current economic transition and to sense the power being unleashed by today's and tomorrow's vast technological advances.