Collective Knowledge Management
Show Less

Collective Knowledge Management

Foundations of International Business in the Age of Intellectual Capitalism

Haruo H. Horaguchi

Human beings create knowledge as a result of interaction with others. This book is devoted to the idea that collective knowledge management can be strategically promoted through these interactions in order to enhance a firm’s competitiveness.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 6: Common knowledge

Haruo H. Horaguchi


Common knowledge is synonymous with common sense. It can be defined as a fact that can be assumed to be understood by two parties within a mutually interactive framework whereby interchanges of certain information are possible. It is something that is known mutually, as it were, even though both parties may not confirm the fact. In game theory, such a definition of common knowledge is known by economists as a condition that gives rise to the Nash Equilibrium. In a more general sense, common knowledge means a notion that is commonly understood by all the constituent members of a certain society. However, the common knowledge possessed by a speaker may not necessarily correspond with the expectations of someone listening to the speaker. There are many examples where the common knowledge differs between generations, between man and woman, and between regions. Regarding the spread of knowledge in society, as a classic theoretical consideration, there is the work of Tarde (1895). Tarde (1895) states that "advancement is a kind of collective thinking" (translation in Japanese, p. 217), and emphasizes that imitation gives rise to relations between individuals. Tarde (1895) discusses innovation in several places, and in that respect, has passages in common with Schumpeter (1926), whom he precedes. For instance, Tarde (1895) argued that in the course of the development of a production driven by the steam engine, various inventions and imaginative ideas would be triggered and that, before long, one definitive machine emerged.

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

or login to access all content.