Definition of Key Terms: Knowledge, Knowledge Production, Innovation, Democracy, and Governance

Elias G. Carayannis and David F. J. Campbell
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Elias G. Carayannis: George Washington University
David F. J. Campbell: Danube University Krems

Chapter Chapter 2 in Smart Quintuple Helix Innovation Systems, 2019, pp 5-15 from Springer

Abstract: Abstract The Wikipedia definition of knowledge, also cross-referencing to the Oxford English dictionary, lists as a crucial element of knowledge “the theoretical or practical understanding of a subject.” The Wikipedia definition furthermore associates knowledge to “expertise, and skills” that a person may have gained either by experience or through education. Currently, there exists a general belief (indicated by numerous publications) that knowledge becomes increasingly important for society, economy, and also democracy. Advancements and a sustainable development of society and the economy appear unlikely without leveraging and enhancing knowledge. This adds plausibility for using concepts such as the knowledge-based society, the knowledge-based economy, and the knowledge-based democracy (Carayannis & Campbell, 2009, p. 224). Perhaps there is even a shift not only to speak of the knowledge-based society and economy but of a knowledge society and a knowledge economy per se that is being endogenously driven by knowledge. The concept of a knowledge democracy consequently complements such propositions.

Keywords: Carayannis; Wikipedia Definition; Knowledge Democracy; Multi-level Inventory Systems; Knowledge economyKnowledge Economy (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/978-3-030-01517-6_2

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