Information vs Knowledge Essay

1. The fellowship chosen is the community of economists. Some sources they rely on include academic journals, the news (on print, online, television, radio, and others), country reports, economic data, and monetary market analyses.2. One of the sources that could be taken as pure schooling is the economic data. Economic data sets of data that describe a single miserliness or the international prudence. These data sets are gathered through quantitative information that are collected and computed statistically to give an accurate picture of the economy being studied.Economic data, in their raw form, is not analyzed, and up to now the analysis that accompany them are usually there to interpret the numbers to make them more understandable to the reader. This is information because it is the basis of knowledge that people create since they are considered facts from which knowledge can be gained. Economists use economic data to gather information about the topic that they are explor ing and connect them with other data and past knowledge to form ideas, theories, recommendations, etc. hat would be helpful to their colleagues, policymakers, businesses, economics students, and yet the common psyche. While some economic data agree with one another, there are those that dont, depending on which organization does the statistic. The differences could confuse the readers as some(prenominal) as those that agree help them in gaining more knowledge about the particular economy they are studying.3. Among these, the source that is actually knowledge is the academic journal. schoolman journals are works by experts on the field of focus of the journal (in this case, economics), and are peer reviewed by other experts on the field. These sources often become forums for academicians and experts since the authors of the articles in the journal introduce and present new research that critique existing research. Experts, then scrutinize the writings of authors who churn out thei r original research, review articles and even book reviews and it becomes a hub of theories, ideas, debate, etc.It then becomes easy to see why this is knowledge. Based on Laniers understanding of knowledge, that it is created through a persons interaction with her environment, her community, her social class, her history, her job, etc. Knowledge cannot be created in a neutral or objective way that exists outside of our real life situations. Journals conjecture a persons ideas and experiences in relation to the information they have and are often opinions based on facts.vThe correlation between a persons worldview and understanding in explaining and the information that they have printed in a journal makes the medium a hub of knowledge from different economists.4. I believe that the community of economists, especially those in the upper echelons of the field, are already aware of the difference between knowledge and information in their field since information for them is usually big(a) 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 able to think more critically. wise(p) that what they have is knowledge, they could accept it and draw their own conclusions. Upon the knowledge that the source that they have is knowledge, they could add such sources in their own minds and create their own conclusions based on different perspectives and could either accept one and reject the other and just not let what they read overwhelm them.