What happens to our understanding of economics when the vast majority of people within our economy are employed to create ideas, solve problems, or market and sell services rather than to produce tangible goods? How do we measure non-financial 'intangibles' such as human capital or the effect of R&D? This anthology explores how economists and public policy makers are re-thinking the way in which governments measure, monitor, and influence an economy in an unbounded global environment where output is largely intangible and organizations are becoming increasingly 'non-national' in scope. Through a collection of seminal articles written by prominent business people, academics, and public policy makers, this three-part anthology examines the key issues surrounding the economic impact of knowledge-based growth, including: preparing for the effects of technological change; understanding the change in traditional economic theory; how Research and Development will be affected; and, who will be the global 'knowledge police. Most business people think of economics in terms of growth, interest rates, and inflation. This book is unique in that it focuses on the economic impact of knowledge-based growth in order to provide business people with a bigger picture of the knowledge management case for action with their organizations. It includes the most up-to-date and most relevant articles on the subject. A unique focus on the theme of knowledge, organized logically, with a foreword to introduce each section.
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