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Wissensteilung: Thünen‐Vorlesung bei der Jahrestagung 2000 des Vereins für Socialpolitik, Berlin 20. September 2000

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  • Ernst Helmstädter

Abstract

Friedrich A. Hayek's notion of division of knowledge arouses new interest in an economy for which knowledge represents the most important resource. Hayek's problem was how to use the knowledge scattered in society efficiently. In Hayek's solution the prices emerging by competition play the crucial role. They indicate to the individual agents what they can do expediently for their own advantage and also for society, even though they dispose only of limited (implicit) knowledge. But which conditions must be fulfilled in order that the agents are prepared to engage in an interactive process of division of knowledge? – New Institutional Economics does not yet answer this question. It is only interested in questions of interactions in view of a division of labor. Its central notion of transaction is not appropriate for the analysis of the interactive process of division of knowledge, where sharing of knowledge matters. The contribution of the article mainly consists in the attempt to provide a New Institutional Economics basis to the division of knowledge problem.

Suggested Citation

  • Ernst Helmstädter, 2001. "Wissensteilung: Thünen‐Vorlesung bei der Jahrestagung 2000 des Vereins für Socialpolitik, Berlin 20. September 2000," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 2(4), pages 445-465, November.
    • Handle: RePEc:bla:perwir:v:2:y:2001:i:4:p:445-465
    DOI: 10.1111/1468-2516.00067
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