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An Introduction to the Economy of the Knowledge Society

Author

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  • Paul A. David

Abstract

This introductory article reviews the main themes relating to the development of new knowledge-based economies. After placing their emergence in historical perspective and proposing a theoretical framework which distinguishes knowledge from information, the authors characterize the specific nature of such economies. They go on to deal with some of the major issues concerning the new skills and abilities required for integration into the knowledge-based economy; the new geography that is taking shape (where physical distance ceases to be such an influential constraint); the conditions governing access to both information and knowledge, not least for developing countries; the uneven development of scientific, technological (including organizational) knowledge across different sectors of activity; problems concerning intellectual property rights and the privatization of knowledge; and the issues of trust, memory and the fragmentation of knowledge.

Suggested Citation

  • Paul A. David, 2001. "An Introduction to the Economy of the Knowledge Society," Economics Series Working Papers 84, University of Oxford, Department of Economics.
  • Handle: RePEc:oxf:wpaper:84
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    File URL: http://www.economics.ox.ac.uk/materials/working_papers/paper084.pdf
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    References listed on IDEAS

    as
    1. David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, pages 355-361.
    2. Robert J. Gordon, 2000. "Does the "New Economy" Measure Up to the Great Inventions of the Past?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 49-74, Fall.
    3. David, Paul A, 1998. "Common Agency Contracting and the Emergence of "Open Science" Institutions," American Economic Review, American Economic Association, pages 15-21.
    4. David, P.A., 2000. "Understanding Digital Technology's Evolution and the Path of Measured Productivity Growth: Present and Future in the Mirror of the Past," Papers 99-011, United Nations World Employment Programme-.
    5. Brian J. Loasby, 1989. "The Mind and Method of the Economist," Books, Edward Elgar Publishing, number 288, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Nour, Samia Satti Osman Mohamed, 2013. "Overview of the knowledge economy in the Arab region," MERIT Working Papers 015, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. Samia Nour, 2014. "The Importance (Impacts) of Knowledge at the Macro–Micro Levels in the Arab Gulf Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), pages 521-537.
    3. Nour, S., 2014. "Challenges and opportunities for transition to knowledge-based economy in Arab Gulf countries," MERIT Working Papers 030, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    4. Pilar Arroyo López & Lourdes Cárcamo Solís, 2009. "El desarrollo de KIBS en México El sector servicios en el contexto de la economía del conocimiento," Economia y Sociedad., Universidad Michoacana de San Nicolas de Hidalgo, Facultad de Economia, issue 23, pages 65-78, Enero-Jun.
    5. Nour, S., 2014. "Transition to a knowledge-based economy in Saudi Arabia," MERIT Working Papers 029, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. Nour, Samia, 2011. "The importance (impact) of knowledge at the macro-micro levels in Sudan," MERIT Working Papers 034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

    More about this item

    Keywords

    knowledge; information; codification; intellectual property;

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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