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The Characteristics of Knowledge in Evolutionary Economics

Author

Listed:
  • Berna Beyhan Bozkiroglu

    (Former STPS Student)

Abstract

The main objective of this paper is to study the tacit and codified knowledge in evolutionary economic models. In these models, knowledge is defined as different from information, and as dynamic, path dependent and embedded in human actions, in other words, in habits or skills, and routines. Such a definition of knowledge, in fact, gives clues about the characteristics, tacit or codified, of knowledge in evolutionary economic models. From this perspective, tacit knowledge resides at the core of routines, and it is needed to interpret even codified information or messages. However tacit and codified knowledge is interrelated, continuous and complementary, furthermore they can turn into each other over time. Hence, the evolutionary perspective denies the bi-polar distinction between tacit and codified knowledge, and emphasizes on their collective presence as embedded in routines.

Suggested Citation

  • Berna Beyhan Bozkiroglu, 2006. "The Characteristics of Knowledge in Evolutionary Economics," STPS Working Papers 0613, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Mar 2006.
    • Handle: RePEc:met:stpswp:0613
    as

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    File URL: http://www.stps.metu.edu.tr/sites/stps.metu.edu.tr/files/0613.pdf
    File Function: First version, 2006
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    References listed on IDEAS

    as
    1. Max Boisot & Agustí Canals, 2004. "Data, information and knowledge: have we got it right?," Journal of Evolutionary Economics, Springer, vol. 14(1), pages 43-67, January.
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    3. Cowan, Robin & Jonard, Nicolas & Özman, Müge, 2003. "Knowledge Dynamics in a Network Industry," Research Memorandum 003, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
    4. Richard R. Nelson & Sidney G. Winter, 2002. "Evolutionary Theorizing in Economics," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 23-46, Spring.
    5. Nightingale, Paul, 1998. "A cognitive model of innovation," Research Policy, Elsevier, vol. 27(7), pages 689-709, November.
    6. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
    7. Cowan, Robin & David, Paul A & Foray, Dominique, 2000. "The Explicit Economics of Knowledge Codification and Tacitness," Industrial and Corporate Change, Oxford University Press, vol. 9(2), pages 211-253, June.
    8. Paquet, Gilles, 1998. "Evolutionary cognitive economics," Information Economics and Policy, Elsevier, vol. 10(3), pages 343-357, September.
    Full references (including those not matched with items on IDEAS)

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