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Human potential: How knowledge can be measured

Hans-Diedrich Kreft
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Hans-Diedrich Kreft: VisionPatents AG

GE, Growth, Math methods from EconWPA

Abstract: A measurement value for knowledge is introduced on the basis of mathematics. This measurement value expands the potential for economic analysis, reveals new interconnections, and defines familiar economic characteristics in mathematical terms. As an example, a mathematical formula for the competence of a company is derived here in an illustrative fashion and the relation-ships between growth in turnover, stability and effectivity are shown. In conclusion a number of interpretative comments are made on the significance of the approach for future economic theory.

Keywords: Measure of knowledge; bit of knowledge; competence; human potential; stability; unemployment and knowledge (search for similar items in EconPapers)
JEL-codes: C6 D5 D9 (search for similar items in EconPapers)
Date: 2004-07-11
Note: Type of Document - pdf; pages: 17. A mathematical method for deriving a measure of knowledge is developed
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpge:0407001

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