The Rise of Knowledge Capital
The Rise of Knowledge Capital
Wealth and power are traditionally associated with the possession of various physical resources. Factors of production, materials, labour, and money are all physical in nature. We are now, however, experiencing a shift from a world largely dominated by physical resources to a world that values knowledge and intellectual resources. In a post-industrial society, goods are being replaced by services. This chapter illustrates the impact that the knowledge industry has on work and on jobs and defines knowledge, presents its key characteristics, and establishes the economic value of knowledge. The chapter also includes a discussion about the commercial application of information technology (IT), how it has evolved, and how trends in IT influence the growth and development of the knowledge industry.
Keywords: physical resources, intellectual resources, knowledge, post industrial society, IT
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
Please, subscribe or login to access full text content.
If you think you should have access to this title, please contact your librarian.
To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .
