Handbook on the Knowledge Economy, Volume Two

Handbook on the Knowledge Economy, Volume Two

Elgar original reference

Edited by David Rooney, Greg Hearn and Tim Kastelle

Readers with interests in managing knowledge- and innovation-intensive businesses and those who are seeking new insights about how knowledge economies work will find this book an invaluable reference tool. Chapters deal with issues such as open innovation, wellbeing, and digital work that managers and policymakers are increasingly asked to respond to. Contributors to the Handbook are globally recognised experts in their fields providing valuable guidance.

Chapter 2: Knowledge Economy

Nico Stehr and Jason L. Mast

Subjects: business and management, knowledge management, organisational innovation, public management, innovation and technology, innovation policy, knowledge management, organisational innovation, politics and public policy, public administration and management, public policy


Nico Stehr and Jason L. Mast1 INTRODUCTION: THE SCOPE OF THE KNOWLEDGE ECONOMY As the first decade of the twenty-first century has drawn to a close, the terms ‘knowledge economy’ and ‘knowledge society’ are becoming increasingly commonplace in scientific discourses, in national and transnational politics, and in many other institutions. Yet despite these terms giving new vibrancy in public and political discourse, they remain contested concepts in the academic world from which they originated. In our introduction, we delineate the theoretical origins and the scope of these concepts, trace their varied development over time, and illuminate the main themes that emerge from the debates they inspired. What follows is of course an engagement with academic knowledge and discourse in its own right; however, we also intend it to speak for how one practically experiences the social, cultural, and material conditions of post-industrial life. Put another way, the terms ‘knowledge economy’ and ‘knowledge society’ also refer to contemporary ‘real’ societal conditions at the outset of the twenty-first century; conditions such as the sources of economic growth, patterns of employment, modes of technological innovation, bases of social inequality, the increasing importance of intellectual property rights, the substance of ‘human capital,’ and, more broadly, the erosion of once dominant forms of work and production as well as social and structural patterns typical of everyday life. We do not want to lose sight of this fact. OVERVIEW We begin our overview of the knowledge-based economy in social theory and sociology as it first...

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