Chapter 14: Knowledge markets regimes for the urban climate emergency
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The global financial system is bound to be disrupted by the climate crisis. However, local societies will require some means to carry out value exchange transactions in substitution of or addition to a monetary base. Knowledge markets offer a wide range of options beyond legal tender and the banking system at large. Knowledge markets are defined as value exchange systems where the quantity, quality and terms of interactions amongst agents are determined primordially by the dynamic properties of intellectual capital creation and exchange. Such properties include the attributes of knowledge-based value as well as a distinctive ethos and organizational design. Based on this definition, a taxonomy of knowledge markets is introduced, with a characterization for each category. The resulting map may contribute to understand the uniqueness of these value-generation and exchange schemes, to capitalize on their transformative power and to debunk the dogmas of laissez-faire free-market economy and surveillance capitalism.

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