Knowledge and Entanglements

Chong Ju Choi, Carla C. J. M. Millar and Caroline Y. L. Wong

Chapter Chapter 1 in Knowledge Entanglements, 2005, pp 9-17 from Palgrave Macmillan

Abstract: Abstract Already in 1945 Hayek pointed out that it was difficult and complex to analyse knowledge as a resource due to its intangibility and randomness: the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form, but solely as the dispersed hits of incomplete and frequently contradictory knowledge…a problem of the utilisation of knowledge not given to anyone in its totality. Hayek, 1945, p. 520

Keywords: Social Community; Social Bond; Common Pool Resource; Organizational Capability; Informal Rule (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1057/9780230508927_2

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