Knowledge in Economic Models
AbstractLong ago I began teaching my students that they should consider knowledge to be like health rather than like wealth. That is, knowledge is not something quantifiable that you can have more of, instead, it is something that can be improved. Being a student of Karl Popper' philosophy science, this distinction seemed obvious. But the quantity-based view of knowledge and learning is so commonplace that it is difficult for most economic model builders to consider any alternative. After all, the quantity-based view of knowledge and learning has been around for 350 years and remains despite is being refuted 200 years ago. In this paper I shall explain why we should stop relying on the long-refuted quantity-based view of knowledge.
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Bibliographic InfoPaper provided by Department of Economics, Simon Fraser University in its series Discussion Papers with number dp99-4.
Length: 11 pages
Date of creation: 1999
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Postal: Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
Web page: http://www.sfu.ca/economics.html
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Postal: Working Paper Coordinator, Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
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- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
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