Knowledge-Relevant Economic Policy: Analyzing Knowledge Policymaking in Managed and Free-Market Economies

Thomas Andersson (), Martin G. Curley () and Piero Formica ()
Additional contact information
Thomas Andersson: Jönköping Int. Business School, Jönköping University
Martin G. Curley: Intel Corporation and National University of Ireland
Piero Formica: Jönköping University International Entrepreneurship Academy

Chapter Chapter 7 in Knowledge-Driven Entrepreneurship, 2010, pp 87-107 from Springer

Abstract: Abstract Although the power of knowledge to forge the economy and society has never been so memorably and sharply delineated as in current circumstances, most companies have not succeeded, so far, in seizing the vast opportunities available for knowledge innovation. In an ever more demanding market of talents, knowledge capacity is underutilized and industry leaders do not aspire to follow in the talents’ footsteps. This disheartening economic climate depends on how modern economic policy is shaped. To take a course appropriate to the “knowledgefication” era, the flow of energy needs a proper policy. The distinguished novelist Isabel Paterson laid the foundations of the reasoning behind this recommendation in her masterpiece, The God of the Machine, published in 1943. Sixty years or so later, the time had come to reappraise that theme. In their celebrated book, The Knowledge Creating Company, Nonaka and Takeuchi (1995) portrayed the Paterson’s flow of energy as a flow of knowledge (see Chap. 2). Today, Nonaka’s and Takeuchi’s view is entrenched in managers’ thinking. By far less explored and even more controversial the argument seems to be that the organizational form and its evolution (organizational innovations) at the flow level are under the influence of the political institutions’ workings and, therefore, the government policy through regulation on knowledge creation, dissemination, application, and management. Indeed, the government policy stance should take something of a front seat in the knowledge economy. Knowledge flows with contained context and values. Knowledge-relevant economic policy (hereafter “knowledge policy”) carries far-reaching implications on both.

Keywords: Knowledge Economy; Vested Interest; Knowledge Flow; Knowledge Innovation; Corporatist Group (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-1-4419-1188-9_7

Ordering information: This item can be ordered from
http://www.springer.com/9781441911889

DOI: 10.1007/978-1-4419-1188-9_7

Access Statistics for this chapter

More chapters in Innovation, Technology, and Knowledge Management from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().