Dynamics of Innovation Fields with Endogenous Heterogeneity of People

Masahisa Fujita ()
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Masahisa Fujita: Konan University

Chapter Chapter 4 in New Directions in Regional Economic Development, 2009, pp 59-78 from Springer

Abstract: Abstract According to Lester Thurow at MIT, advanced countries are shifting from capitalism based on mass production of commodities to the brain power society in which creation of knowledge and information using brain power plays the central role (Thurow 1996). The concept of brain power society is essentially the same as that of the C-society advocated by Åke Andersson who maintains that advanced countries are leaving the industrial society (with its reliance on simplicity of production and products and the heavy use of natural resources and energy) and entering the C-society with and increasing reliance on creativity, communication capacity, and complexity of products (Andersson 1985). In this paper, the term “brain power society” is synonymous with the “C-society” of Åke Andersson. The ultimate concern of this paper is the further development of the New Economic Geography (NEG) towards a more comprehensive theory of geographical economics in the age of brain power society, in which the dynamics of the spatial economy arise from the dual linkages in the economic and knowledge fields. Before elaborating this ultimate objective, let me explain briefly what is the so-called the New Economic Geography.

Keywords: Common Knowledge; Knowledge Creation; Equilibrium Configuration; Equilibrium Path; Cooperative Process (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-01017-0_4

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DOI: 10.1007/978-3-642-01017-0_4

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