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 4: Knowledge-based Economies and Subjective Wellbeing

Hans-Jürgen Engelbrecht

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

Extract

Hans-Jürgen Engelbrecht INTRODUCTION Over the last few decades there has been an explosion of research on subjective wellbeing (SWB) and its correlates, with implications for economic and other policy areas (Frey and Stutzer, 2002). However, recent surveys indicate that much remains to be done. There is still a lot of contradictory evidence and issues of causality and unobserved variables loom large (Diener and Seligman, 2004; Dolan et al., 2008a). Also, it is not immediately obvious how the focus on SWB is related to the knowledgebased economy (KBE) literature. Layard (2005), for example, reports the consensus view that 80 per cent of the variation in happiness between countries can be attributed to six factors: the divorce rate; the unemployment rate; the level of trust; membership in non-religious organizations; the quality of government; and the fraction of the population believing in God. The KBE is not explicitly mentioned by Layard. However, he regards science and technology (S&T) as the prime source of the changes that have been responsible for stagnant average SWB levels in developed economies. The main argument put forward in this chapter is that any policy discourse for KBEs, or ‘knowledge policies’, should take into account insights from SWB research. I shall try to convince the reader of this by covering references from diverse literatures, focusing on some key features of KBEs and their relationship with SWB, such as the nature of work and innovation. The need for exploring the KBE-SWB nexus is heightened by the increasing number...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information