ABSTRACT

In the present economy we live a ‘property right paradox’. Its knowledgeintensive characteristics should favour small-size firms, managed, or even owned, by the people working in them. By contrast, firms’ size as well as traditional forms of capitalist ownership show little sign to undergo a sub - stantial change in contemporary knowledge-intensive economies. In this chapter we will argue that the current crisis is somehow related to this ‘property right paradox’: the present prevailing ownership structure of know - ledge economies inhibits investments, favours the generation of crises and limits the development of the world economy.