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Buku Real Estate & Properti:
The Economics of Knowledge
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Manufacturer: The MIT Press
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The economics of knowledge is a rapidly emerging subdiscipline of economics that has never before been given the comprehensive and cohesive treatment found in this book. Dominique Foray analyzes the deep conceptual and structural transformation of our economic activities that has led to a gradual shift to knowledge-intensive activities. This transformation is the result of the collision of a longstanding trend—the expansion of knowledge-based investments and activities—with a technological revolution that radically altered the production and transmission of knowledge and information. The book focuses on the dual nature of the economics of knowledge: its emergence as a discipline (which Foray calls "the economics of knowledge") and the historical development of a particular period in the growth and organization of economic activities ("the knowledge-based economy").
The book, which alternates between analysis of the economic transformation and examination of the tools and concepts of the discipline, begins by discussing "knowledge" as an economic good and the historical development of the knowledge-based economies. It then develops a conceptual framework for considering the issues raised. Topics considered in the remaining chapters include forms of knowledge production, codification and infusion, incentives and institutions for the efficient production of knowledge (including discussions of private markets and "open" sources), and knowledge management as a new organizational capability. Finally, the book addresses policy concerns suggested by the uneven development of knowledge across different sectors and by the need to find ways of reclaiming the public dimension of knowledge from an essentially privatized knowledge revolution.
PRODUCT DESCRIPTIONS:
Binding: Paperback
Dewey Decimal Number: 338.064
EAN: 9780262562232
ISBN: 0262562235
Label: The MIT Press
Manufacturer: The MIT Press
Number Of Items: 1
Number Of Pages: 287
Publication Date: 2006-09-01
Publisher: The MIT Press
Studio: The MIT Press
SIMILAR ITEMS:
• The Economics of Information Technology: An Introduction (Raffaele Mattioli Lectures)
• Advancing Knowledge and the Knowledge Economy
• Innovation and Incentives
• The Lever of Riches: Technological Creativity and Economic Progress
• The Wealth of Networks: How Social Production Transforms Markets and Freedom
CUSTOMER REVIEWS:
ECONOMIZING ON WHAT WE KNOW -
The "idealized" sense of knowledge places it at the opposite end of the spectrum from considerations of cost and benefit, profit and loss. That esoteric sense of knowledge prevailed from the pre-Socratics to the Renaissance. However the Enlightenment and the subsequent Modern Era challenged that view and have been successively replacing it with a practical, if mundane alternative. But even though the esoteric view is now obsolete, it hovers like Hamlet's ghost in the background, with the result that few have actually developed a formal analysis of "knowledge transactions." Prof. Foray has now excoriated that ghost.
As it turns out however, there is a lot of ground to cover in any attempt to introduce an economic analysis of the important characteristics of knowledge. In a basic sense, the two encompassing categories of concern are the "internal" and the "external" aspects of knowledge. Foray tackles both in a comprehensive overview. The internal aspect refers to the generation and organization of knowledge itself, to the costs and benefits of producing something that is reliable enough to be designated an economic resource. The external aspect refers to the economic utilization and social impact of knowledge, how it bears on the calculations of profit and loss, and how it is becoming an increasing source of value-added if properly used.
The book covers everything from Patent Law to the Public Good, because knowledge figures intrinsically in each of these factors. Analytically speaking, knowledge is like a horizontal layer that passes through all of the vertical specialities, including law, public policy, industrial organization, and market activities. What Foray does is to set the context for further research and theorizing in each of these areas - there are so many factors that none of them can be covered in great depth. Still, this book is the guide for what remains to be done, which is developing a more refined economic analysis of each of the areas where the economics of knowledge has a bearing on how knowledge is produced and mobilized for purposes of productivity and/or creativity.
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