Human potential: How knowledge can be measured
AbstractA 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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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 0407001.
Length: 17 pages
Date of creation: 11 Jul 2004
Date of revision:
Note: Type of Document - pdf; pages: 17. A mathematical method for deriving a measure of knowledge is developed
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Measure of knowledge; bit of knowledge; competence; human potential; stability; unemployment and knowledge;
Find related papers by JEL classification:
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D9 - Microeconomics - - Intertemporal Choice
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-07-18 (All new papers)
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