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Ever since the Industrial Revolution debate has raged about the sources of the new, sustained western prosperity. Margaret Jacob here argues persuasively for the critical importance of knowledge in Europe's economic transformation during the period from 1750 to 1850, first in Britain and then in selected parts of northern and western Europe. This is a new history of economic development in which minds, books, lectures and education become central. She shows how, armed with knowledge and know-how and inspired by the desire to get rich, entrepreneurs emerged within an industrial culture wedded to scientific knowledge and technology. She charts how, across a series of industries and nations, innovative engineers and entrepreneurs sought to make sense and a profit out of the world around them. Skilled hands matched minds steeped in the knowledge systems new to the eighteenth century to transform the economic destiny of western Europe.
Revolutionary account of the transformative potential of the knowledge economy Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer conventional manufacturing: it is the radically innovative vanguard known as the knowledge economy. In every part of the production system it remains a fringe excluding the vast majority of workers and businesses. This book explores the hidden nature of the knowledge economy and its possible futures. The confinement of the knowledge economy to these insular vanguards has become a driver of economic stagnation and inequality throughout the world. Traditional mass production has stopped working as a shortcut to economic growth. But the alternative—a deepened and socially inclusive form of the knowledge economy—continues to lie beyond reach in even the richest countries. The shape of contemporary politics on both the left and the right reflects a failure to come to terms with this dilemma and to overcome it. Unger explains the knowledge economy in the truncated and confined form that it has today and proposes the way to a knowledge economy for the many: changes not just in economic institutions but also in education, culture, and politics. Just as Smith and Marx did in their time, he uses an understanding of the most advanced practice of production to rethink both economics and the economy as a whole.
Provocative new account of the importance of knowledge to the economic transformation of western Europe during the Industrial Revolution.
"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.
What is this knowledge-based economy? Is it really new or unique? What are its effects, and what does it mean to us? In order to help answer those questions, this anthology has been compiled as a means of providing answers for anyone in business or the public policy-making fields who would like to know what academics and economists are talking about when they refer to the knowledge-based economy. It is a collection of articles dealing with the most important developing themes in this area: *The shift in employment from "brawn to brains" *The effect that "knowledge elitism" may have on public policy concerning education and training, wealth disparity and social exclusion *Organizational changes brought about by the new breed of "knowledge workers" functioning in the new high-performance workplace *Computing, telecommunications, globalization, and the interconnected economy Using seminal articles from a variety of sources, this volume is intended to be a primer for introducing the reader to all aspects of the knowledge-based economy. Dale Neef is a political economist and a knowledge management specialist with extensive academic and commercial experience in both North America and Europe. He earned his Ph.D. in Economic History from the University of Cambridge, was a Research Fellow at Harvard University, and currently works with Ernst & Young's Center for Business Innovation researching issues surrounding knowledge management and the knowledge-based economy. He divides his time between writing, lecturing, and consultancy. Part of the series Resources for the Knowledge-Based Economy Introduces the reader to all aspects of the knowledge-based economy Uses seminal articles from a variety of sources
In this book, leading authors explore ways in which organizationscan develop their ability to manage the future. An exploration of the ways in which organizations can developtheir ability to manage the future. Consists of ten papers written by authors from both sides ofthe Atlantic and from Asia, all of whom are distinguished scholarsin the fields of strategy or organizational learning. Addresses key questions about how organizational foresight canbe conceptualized and developed, and the extent to which it ispossible. The papers are prefaced by a foreword from Spyros Makridakisand an introduction from the editors. Helps to shape a new research agenda, and so will be ofinterest to academics, as well as to students andpractitioners.
First published in 2000. Over the past two decades, the service sector have increased dramatically and now occupy the largest share of the economy of advanced industrial societies. Certain business services are regularly cited as evidence for the emergence of a "knowledge economy". In this pioneering book, leading researchers in the fields of service industries and innovation studies investigate the reasons for the growth of the service sectors and this emergent knowledge economy. Drawing on material as diverse as macroeconomic statistics and firm-level case studies, the contributors demonstrate that services are often important innovators in their own right, as well as contributing to innovation and economic performance in their user industries. The question of how far services are special cases, and what specific processes and trajectories characterize their innovative activity is treated systematically. Additionally, a variety of original analyses and information resources are presented. This book should be of value to the student of the modern industrial society, to those seeking to forge policies appropriate to the new context of economic development, and to researchers who are confronting the challenges of the knowledge economy.
The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. This book explores the relationship between economic conditions, growth, and inequality.
The studies presented here analyze the relationship between the knowledge economy and innovations, productivity, and economic growth in the premodern period (13th-18th centuries) by considering the following questions: how was “useful knowledge” transmitted between individuals, across space, and across generations? How could commercial and industrial productivity have been associated with the expansion of such knowledge? When and where was useful knowledge concentrated in such a way that a relatively large number of innovations and inventions could cause revolutionary breakthroughs in particular sectors of the economy?
Knowledge has in recent years become a key driver for growth of regions and nations. This volume empirically investigates the emergence of the knowledge economy in the late 20th century from a regional point of view. It first deals with the theoretical background for understanding the knowledge economy, with knowledge spillovers and development externalities. It then examines aspects of the relationship between knowledge inputs and innovative outputs in the information, computer and telecommunications sector (ICT) of the economy at the regional level. Case studies focusing on a wide variety of sectors, countries and regions finally illustrate important regional innovation issues.