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The Economics of Knowledge

Author

Listed:
  • Dominique Foray

    (Ecole Polytechnique Federale de Lausanne)

Abstract

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").

Suggested Citation

  • Dominique Foray, 2006. "The Economics of Knowledge," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562235, December.
  • Handle: RePEc:mtp:titles:0262562235
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    More about this item

    Keywords

    economics of knowledge; knowledge-based economy;

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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