Providing readers with an introduction to the economic issues associated with information, this book offers information managers and policymakers the opportunity for a better understanding of information markets and economic research on information topics. It should help them develop skills to complete basic cost-benefit analyses of information goods and services, and guide them in making better financial and management decisions. The book introduces readers to economic analysis, and describes the concept of market failure in which the information market fails to operate efficiently. It also introduces readers to the tools of cost-benefit analysis. Focusing on information goods and services and the application of economics to information markets, the book explains basic concepts - demand, supply, benefits, costs - offering examples that illustrate them. Designed as a text for classes on the economics of information, this book should be particularly useful to individuals who are, or hope to be, managers of information services in academic, public or special libraries. It may be used in courses on information resource management, information policy and library management. It should also of interest to academic librarians, library managers and directors, librarians in special libraries and interested academics.