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Handbook of Knowledge and Economics
By illuminating the philosophical roots of the various notions of knowledge employed by economists, this Handbook helps to disentangle conceptual and typological issues surrounding the debate on knowledge amongst economists. Wide-ranging in scope, it explores fundamental aspects of the relationship between knowledge and economics – such as the nature of knowledge, knowledge acquisition and knowledge diffusion.
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Critical Acclaim
Contributors
Contents
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Why do societies benefit differently from knowledge? How exactly does social interaction interfere with knowledge acquisition and diffusion? This original Handbook brings together a wide range of differing approaches to shed light on these questions and others relating to the role and relevance of knowledge in economic analysis.
By illuminating the philosophical roots of the various notions of knowledge employed by economists, this Handbook helps to disentangle conceptual and typological issues surrounding the debate on knowledge among economists. Wide-ranging in scope, it explores fundamental aspects of the relationship between knowledge and economics – such as the nature of knowledge, knowledge acquisition and knowledge diffusion.
This important compendium embraces various fields and traditions of economic analysis and discusses the role of knowledge in 21 papers from outstanding international scholars. Advanced scholars and postgraduate students interested in cross-fertilization between different fields of economic analysis will find this Handbook of considerable importance.
By illuminating the philosophical roots of the various notions of knowledge employed by economists, this Handbook helps to disentangle conceptual and typological issues surrounding the debate on knowledge among economists. Wide-ranging in scope, it explores fundamental aspects of the relationship between knowledge and economics – such as the nature of knowledge, knowledge acquisition and knowledge diffusion.
This important compendium embraces various fields and traditions of economic analysis and discusses the role of knowledge in 21 papers from outstanding international scholars. Advanced scholars and postgraduate students interested in cross-fertilization between different fields of economic analysis will find this Handbook of considerable importance.
Critical Acclaim
‘This Handbook is both an excellent resource and a challenge for the community of scholars inspired by the Austrian tradition. It both demonstrates the ongoing-relevance of the Austrian perspective in the context of the contemporary social sciences landscape and it is a source of a wealth of bold ideas on possible new research directions for the Austrian agenda in the coming years.’
– Paul Dragos Aligica, Review of Austrian Economics
‘While there is growing recognition that understanding knowledge is at the very heart of economics, little work has thus far been forthcoming representing in a comprehensive and coherent way its fundamental nature and wide-ranging consequences for economic analysis. The editors are to be commended for having filled this critical gap by providing a well-organized collection of outstanding contributions. This rich and greatly needed Handbook is comprised of contributions about the role knowledge plays in the history of the discipline as well as the most significant current developments as we witness them, particularly in the branches of evolutionary, institutional and complexity economics.’
– Kurt Dopfer, University of St Gallen, Switzerland
– Paul Dragos Aligica, Review of Austrian Economics
‘While there is growing recognition that understanding knowledge is at the very heart of economics, little work has thus far been forthcoming representing in a comprehensive and coherent way its fundamental nature and wide-ranging consequences for economic analysis. The editors are to be commended for having filled this critical gap by providing a well-organized collection of outstanding contributions. This rich and greatly needed Handbook is comprised of contributions about the role knowledge plays in the history of the discipline as well as the most significant current developments as we witness them, particularly in the branches of evolutionary, institutional and complexity economics.’
– Kurt Dopfer, University of St Gallen, Switzerland
Contributors
Contributors: A. Amin, R. Arena, M. Augier, M.C. Becker, T. Brenner, T. Broekel, P. Cohendet, G. Dosi, J. Durieu, V. Dutraive, M. Egidi, A. Festré, D. Foray, T. Knudsen, N. Lazaric, B.J. Loasby, B.-Å. Lundvall, P. Nightingale, B. Nooteboom, A. Orléan, R. Patalano, L. Ragni, S. Rizzello, P.P. Saviotti, P. Solal, A. Spada, U. Witt
Contents
Contents:
Introduction
Richard Arena, Agnès Festré and Nathalie Lazaric
PART I: KNOWLEDGE AND ECONOMICS: A HISTORICAL PERSPECTIVE
2. What Vilfredo Pareto Brought to the Economics of Knowledge
Ludovic Ragni
3. Knowledge in Marshall
Brian J. Loasby
4. Carl Menger and Friedrich von Wieser on the Role of Knowledge and Beliefs in the Emergence and Evolution of Institutions
Agnès Festré
5. The Pragmatist View of Knowledge and Beliefs in Institutional Economics: The Significance of Habits of Thought, Transactions and Institutions in the Conception of Economic Behavior
Véronique Dutraive
6. Imagination and Perception as Gateways to Knowledge: The Unexplored Affinity between Boulding and Hayek
Roberta Patalano
7. The knowledge–Rationality Connection in Herbert Simon
Salvatore Rizzello and Anna Spada
PART II: ECONOMICS, KNOWLEDGE AND UNCERTAINTY
8. A Note on Information, Knowledge and Economic Theory
Giovanni Dosi
9. The Cognitive Explanation of Economic Behavior: From Simon to Kahneman
Massimo Egidi
10. Towards a Theoretical Framework for the Generation and Utilization of Knowledge
Pier Paolo Saviotti
11. Models of Adaptive Learning in Game Theory
Jacques Durieu and Philippe Solal
12. The Fragility of Experiential Knowledge
Dominique Foray
13. One Knowledge Base or Many Knowledge Pools?
Bengt-Åke Lundvall
14. Knowledge in Finance: Objective Value versus Convention
André Orléan
PART III: ECONOMICS, KNOWLEDGE AND ORGANIZATION
15. Embodied Cognition, Organization and Innovation
Bart Nooteboom
16. Knowledge and its Economic Characteristics: A Conceptual Clarification
Ulrich Witt, Tom Broekel and Thomas Brenner
17. Tacit Knowledge
Paul Nightingale
18. The Firm as a ‘Platform of Communities’: A Contribution to the Knowledge-based Approach of the Firm
Ash Amin and Patrick Cohendet
19. The Architecture and Management of Knowledge in Organizations
Mie Augier and Thorbjørn Knudsen
20. Distributed Knowledge and its Coordination
Markus C. Becker
21. Evolution of Individual and Organizational Knowledge: Exploring Some Motivational Triggers Enabling Change
Nathalie Lazaric
Index
Introduction
Richard Arena, Agnès Festré and Nathalie Lazaric
PART I: KNOWLEDGE AND ECONOMICS: A HISTORICAL PERSPECTIVE
2. What Vilfredo Pareto Brought to the Economics of Knowledge
Ludovic Ragni
3. Knowledge in Marshall
Brian J. Loasby
4. Carl Menger and Friedrich von Wieser on the Role of Knowledge and Beliefs in the Emergence and Evolution of Institutions
Agnès Festré
5. The Pragmatist View of Knowledge and Beliefs in Institutional Economics: The Significance of Habits of Thought, Transactions and Institutions in the Conception of Economic Behavior
Véronique Dutraive
6. Imagination and Perception as Gateways to Knowledge: The Unexplored Affinity between Boulding and Hayek
Roberta Patalano
7. The knowledge–Rationality Connection in Herbert Simon
Salvatore Rizzello and Anna Spada
PART II: ECONOMICS, KNOWLEDGE AND UNCERTAINTY
8. A Note on Information, Knowledge and Economic Theory
Giovanni Dosi
9. The Cognitive Explanation of Economic Behavior: From Simon to Kahneman
Massimo Egidi
10. Towards a Theoretical Framework for the Generation and Utilization of Knowledge
Pier Paolo Saviotti
11. Models of Adaptive Learning in Game Theory
Jacques Durieu and Philippe Solal
12. The Fragility of Experiential Knowledge
Dominique Foray
13. One Knowledge Base or Many Knowledge Pools?
Bengt-Åke Lundvall
14. Knowledge in Finance: Objective Value versus Convention
André Orléan
PART III: ECONOMICS, KNOWLEDGE AND ORGANIZATION
15. Embodied Cognition, Organization and Innovation
Bart Nooteboom
16. Knowledge and its Economic Characteristics: A Conceptual Clarification
Ulrich Witt, Tom Broekel and Thomas Brenner
17. Tacit Knowledge
Paul Nightingale
18. The Firm as a ‘Platform of Communities’: A Contribution to the Knowledge-based Approach of the Firm
Ash Amin and Patrick Cohendet
19. The Architecture and Management of Knowledge in Organizations
Mie Augier and Thorbjørn Knudsen
20. Distributed Knowledge and its Coordination
Markus C. Becker
21. Evolution of Individual and Organizational Knowledge: Exploring Some Motivational Triggers Enabling Change
Nathalie Lazaric
Index