The Characteristics of Knowledge in Evolutionary Economics

Berna Beyhan Bozkiroglu ()
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Berna Beyhan Bozkiroglu: Former STPS Student

No 613, STPS Working Papers from STPS - Science and Technology Policy Studies Center, Middle East Technical University

Abstract: The main objective of this paper is to study the tacit and codified knowledge in evolutionary economic models. In these models, knowledge is defined as different from information, and as dynamic, path dependent and embedded in human actions, in other words, in habits or skills, and routines. Such a definition of knowledge, in fact, gives clues about the characteristics, tacit or codified, of knowledge in evolutionary economic models. From this perspective, tacit knowledge resides at the core of routines, and it is needed to interpret even codified information or messages. However tacit and codified knowledge is interrelated, continuous and complementary, furthermore they can turn into each other over time. Hence, the evolutionary perspective denies the bi-polar distinction between tacit and codified knowledge, and emphasizes on their collective presence as embedded in routines.

Keywords: Evolutionary Economics; Tacit Knowledge; Codified Knowledge; Routines (search for similar items in EconPapers)
Pages: 18 pages
Date: 2006-03, Revised 2006-03
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