A model of Cognitive Capitalism: a preliminary analysis
AbstractThe aim of this paper is to present a first theoretical macro-modelling of cognitive capitalism, by utilizing the French regulation theory approach. With regard to the supply side analysis, we shall emphasize the role played by productivity dynamics: it is mainly affected by two types of dynamics: scale economics, based on learning processes and network activity. Turning to demand-side aspects, aggregate demand takes in account also the role played by distribution effects of financial markets, which operates as a distorsive income multiplier. As, on the one side, it depends upon the trade-off between learning processes diffusion and intellectual property rights and, on the other, upon income polarization (due to precariousness and limited access to capital gains) and demand growth stability. The stability of the system cannot be guaranteed. The need for new rules concerning income distribution process (i.e. basic income policy) will be taken in consideration.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 28012.
Date of creation: 2007
Date of revision:
Publication status: Published in European Journal of Economic and Social Systems 1.20(2007): pp. 117-133
Cognitive Capitalism; Knowledge; Learning Processes; Network Economies; General Intellect; Capital Gains; Basic Income;
Find related papers by JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
- P17 - Economic Systems - - Capitalist Systems - - - Performance and Prospects
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
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- Malerba, Franco & Orsenigo, Luigi, 2000. "Knowledge, Innovation Activities and Industrial Evolution," Industrial and Corporate Change, Oxford University Press, vol. 9(2), pages 289-313, June.
- Stefano Lucarelli & Andrea Fumagalli, 2008. "Basic Income and Productivity in Cognitive Capitalism," Review of Social Economy, Taylor & Francis Journals, vol. 66(1), pages 71-92.
- Francesco Venturini, 2005. "How Much Does IT Consumption Matter for Growth? Evidence from National Accounts," Rivista di Politica Economica, SIPI Spa, vol. 95(1), pages 57-110, January-F.
- Marios Zachariadis, .
"R&D-Induced Growth in the OECD?,"
Departmental Working Papers
2001-02, Department of Economics, Louisiana State University.
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