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When we pay our bills using a plastic card, we are simply authorizing alterations to the information stored in some computers. This is one aspect of the symbiotic relationship that now exists between money and information. The modern financial world is byzantine in its complexity, and mathematics is involved in many ways, not all of them transparently clear. Fortunately there are some bright spots, such as the fact that it is now possible to measure information.
The post What is information, and should it be free? appeared first on OUPblog.
