Philosophers and practical men: Charles Babbage, Irish merchants and the economics of information

Before the emergence of coordination of production by firms, manufacturers and merchants traded in markets with asymmetric information. Evidence suggests that the practical knowledge thus gained by these agents was well in advance of contemporary political economists and anticipates twentieth-century developments in the economics of information. Charles Babbage, who regarded merchants and manufacturers as the chief sources of reliable economic data, drew on this knowledge as revealed in the evidence of manufacturers and merchants presented to House of Commons select committees to make an important pioneering contribution to the theory of production and exchange with information asymmetries.

A redescription of Graneledone verrucosa (Verrill, 1881) (Octopoda : Octopodidae)

Graneledone verrucosa (Verrill 1881), the type species of the genus Graneledone, is redescribed based on historical material and previously unreported specimens that have resulted from an increase in deep-sea fishing in the North East Atlantic. Graneledone verrucosa var. media (Joubin 1918) was found to be invalid and is herein synonymized with G. verrucosa. Graneledone verrucosa is shown to inhabit deep water throughout the North Atlantic; its distribution extends from 20degrees to 65degrees N and from 9degrees to 75degrees W. A revised diagnosis is given for the genus Graneledone Joubin, 1918.