A Review of Yi-Cheng Zhang’s Matchmakers and Markets: The Revolutionary Role of Information in the Economy

Abstract

This book review paper explores complexity economic theory, challenging to traditional theories by emphasizing the evolving role of information and digital intermediaries, or "matchmakers," in modern market dynamics. The author critiques mainstream economic theories, focusing on how market mechanisms and growth theory transform in a networked economy where information plays a crucial role in shaping consumer behavior, market design, and economic growth. While the writer introduces new concepts without empirical evidence, they provide relevant contextual analysis. As a result, the book can be particularly valuable for readers without an economics background seeking to understand the modern economy.