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Human potential: How knowledge can be measured

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  • Hans-Diedrich Kreft

    (VisionPatents AG)

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    Abstract

    A measurement value for knowledge is introduced on the basis of mathematics. This measurement value expands the potential for economic analysis, reveals new interconnections, and defines familiar economic characteristics in mathematical terms. As an example, a mathematical formula for the competence of a company is derived here in an illustrative fashion and the relation-ships between growth in turnover, stability and effectivity are shown. In conclusion a number of interpretative comments are made on the significance of the approach for future economic theory.

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    File URL: http://128.118.178.162/eps/ge/papers/0407/0407001.pdf
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    Bibliographic Info

    Paper provided by EconWPA in its series GE, Growth, Math methods with number 0407001.

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    Length: 17 pages
    Date of creation: 11 Jul 2004
    Date of revision:
    Handle: RePEc:wpa:wuwpge:0407001

    Note: Type of Document - pdf; pages: 17. A mathematical method for deriving a measure of knowledge is developed
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    Web page: http://128.118.178.162

    Related research

    Keywords: Measure of knowledge; bit of knowledge; competence; human potential; stability; unemployment and knowledge;

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