Information vs Knowledge Essay

1. The community elect is the community of economists. Some sources they rely on include academic journals, the news (on print, online, television, radio, and new(prenominal)s), dry land reports, economic selective information, and financial market analyses.2. iodine of the sources that could be taken as uncontaminated information is the economic selective information. Economic information sets of data that describe a unmarried miserliness or the international economy. These data sets are gathered through decimal information that are collected and computed statistically to give an accurate picture of the economy being studied.Economic data, in their raw(prenominal) form, is non analyzed, and even the analysis that stick with them are usually there to articulate the numbers to make them more comprehensible to the reader. This is information because it is the basis of association that hatful create since they are considered facts from which knowledge elicit be gained . Economists use economic data to gather information about the guinea pig that they are exploring and connect them with other data and past knowledge to form ideas, theories, recommendations, etc.tera hat would be helpful to their colleagues, policymakers, businesses, economics students, and even the common person. While near economic data agree with maven another, there are those that dont, depending on which organization does the statistic. The ends could confuse the readers as practically as those that agree help them in gaining more knowledge about the occurrence economy they are studying.3. Among these, the source that is in truth knowledge is the academic journal.Academic journals are works by experts on the welkin of focus of the journal (in this case, economics), and are lucifer check intoed by other experts on the field. These sources much become forums for academicians and experts since the authors of the articles in the journal usher in and present new rese arch that go over existing research. Experts, then scrutinize the books of authors who churn out their original research, review articles and even book reviews and it becomes a hub of theories, ideas, debate, etc.It then becomes easy to see wherefore this is knowledge. Based on Laniers dread of knowledge, that it is created through a persons interaction with her environment, her community, her social class, her history, her job, etc. intimacy cannot be created in a unbiassed or objective way that exists exterior of our real life situations. Journals reflect a persons ideas and experiences in comparison to the information they study and are often opinions based on facts.vThe correlation mingled with a persons worldview and arrest in explaining and the information that they have printed in a journal makes the medium a hub of knowledge from different economists.4. I look at that the community of economists, especially those in the hurrying echelons of the field, are alrea dy aware of the difference between knowledge and information in their field since information for them is usually sonorous quantitative data.But if they have not considered the difference, the problem that they can overcome in delineating one from the other is that they would be adapted to think more critically. Knowing that what they have is knowledge, they could accept it and draw their birth conclusions. Upon the knowledge that the source that they have is knowledge, they could add such(prenominal) sources in their own minds and create their own conclusions based on different perspectives and could each accept one and reject the other and just not let what they read overwhelm them.