Knowledge Economy

The knowledge economy is a revolutionary production practice that has the potential to bring knowledge-intensive production to the whole economy and inaugurate a period of accelerated and socially inclusive economic growth.

Format: Hardback
Length: 304 pages
Publication date: 19 March 2019
Publisher: Verso Books

The knowledge economy, a revolutionary production practice, has emerged in our time, transcending sectors and permeating various industries. While it has made significant strides in high-tech, it has predominantly remained an exclusive domain, excluding the vast majority of workers and businesses. In his insightful book, Roberto Mangabeira Unger delves into the intricate workings and immense transformative potential of the knowledge economy. He uncovers the profound shifts in economic and political institutions, as well as in the mindset of individuals, that could enable the widespread adoption of knowledge-intensive production. This transformative shift would usher in an era of accelerated and socially inclusive economic growth, benefiting all segments of society.

The knowledge economy represents a paradigm shift in the way we produce and consume goods and services. It revolves around the value of knowledge and information, which are increasingly crucial in driving economic growth and innovation. In the knowledge economy, productivity is not solely measured by physical labor but also by the intellectual capital and expertise of individuals and organizations. This shift has led to the emergence of new industries, such as technology, healthcare, and education, that are heavily reliant on knowledge-based production.

One of the key characteristics of the knowledge economy is the importance of collaboration and networking. In this environment, knowledge is shared and exchanged freely, allowing for rapid innovation and progress. The internet and digital technologies have played a pivotal role in facilitating this collaboration, enabling individuals and organizations to connect and collaborate on a global scale.

However, the knowledge economy also presents challenges and inequalities. While it has the potential to create new opportunities and lift people out of poverty, it can also exacerbate existing disparities and create new forms of inequality. For example, the concentration of wealth and power in the hands of a few can lead to the marginalization of workers and businesses who lack the necessary knowledge and resources to participate in the knowledge economy.

To address these challenges, it is important to promote policies that promote access to education and training, encourage innovation, and promote social mobility. Governments, businesses, and individuals must work together to create an environment that is conducive to the growth and development of the knowledge economy.

In conclusion, the knowledge economy is a transformative force that has the potential to drive economic growth and social progress. While it presents challenges and inequalities, it also offers opportunities for individuals and organizations to thrive. By promoting policies that promote access to education and training, encouraging innovation, and promoting social mobility, we can create a more equitable and prosperous knowledge economy for all.

Weight: 488g
Dimension: 226 x 163 x 29 (mm)
ISBN-13: 9781788734974