 Wissensteilung: Thünen‐Vorlesung bei der Jahrestagung 2000 des Vereins für Socialpolitik, Berlin 20. September 2000Perspektiven der Wirtschaftspolitik, 2001, vol. 2, issue 4, 445-465 Abstract: Friedrich A. Hayek's notion of division of knowledge arouses new interest in an economy for which knowledge represents the most important resource. Hayek's problem was how to use the knowledge scattered in society efficiently. In Hayek's solution the prices emerging by competition play the crucial role. They indicate to the individual agents what they can do expediently for their own advantage and also for society, even though they dispose only of limited (implicit) knowledge. But which conditions must be fulfilled in order that the agents are prepared to engage in an interactive process of division of knowledge? – New Institutional Economics does not yet answer this question. It is only interested in questions of interactions in view of a division of labor. Its central notion of transaction is not appropriate for the analysis of the interactive process of division of knowledge, where sharing of knowledge matters. The contribution of the article mainly consists in the attempt to provide a New Institutional Economics basis to the division of knowledge problem. Date: 2001 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:perwir:v:2:y:2001:i:4:p:445-465 Ordering information: This journal article can be ordered from Access Statistics for this article Perspektiven der Wirtschaftspolitik is currently edited by Lars P. Feld, J¸rgen von Hagen, Bernd Rudolph and Achim Wambach More articles in Perspektiven der Wirtschaftspolitik from Verein für Socialpolitik Contact information at EDIRC. |
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