Economics of Knowledge explores the theory and empirical facts needed for
rational decisions on knowledge investments, creative processes and management of
knowledge based industries and institutions.
The accumulation of knowledge through higher education, scientific research and industrial
R&D is a key factor in economic and social development. This timely and valuable book
focuses on the micro- and macroeconomics of knowledge production, and on the analysis of
technical constraints, possibilities of collaboration and incentives for scientists,
academic teachers and students. The authors move on to analyze the advantages and
disadvantages of centrally controlled and competitive university systems, before
concluding with a set of decision-making rules for government, university administrations
and industry.
This book on a hotly contested subject will be widely sought after by those with an
interest in economics, management, operations research, regional science and planning as
well as consultants to knowledge based industries. R&D managers of industrial firms
will learn a great deal from this book as will managers of universities and research
institutes.
Ake E. Andersson, Professor, Department of Economics, Jönköping
International Business School, Jönköping, Sweden and Martin J. Beckmann,
Professor of Economics, Brown University, US and Professor of Applied Mathematics,
Technical University of Munich, Germany
Contents:
Preface
1. The Study of Knowledge in Economics
2. Stock of Knowledge
3. Production of Knowledge
4. Scientific Interaction and Organization of Knowledge Production
5. Knowledge and Society
6. Household Knowledge Investments
7. Information and Knowledge in the Decision-Making of Firms
8. Expansion of Knowledge and Macroeconomic Growth
References Index
288 pages, Hardcover