First Published in 1998. This text explores how economists and public policy makers are re-thinking the way in which governments monitor, measure and influence an economy in an unbounded global environment where output is largely intangible and organisations are becoming 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 anthology examines the key issues surrounding the economic impact of knowledge-based growth.

part |105 pages

The Effect of Knowledge on National Economies

chapter |14 pages


Rethinking Economics in the Knowledge-Based Economy
ByDale Neef

chapter |18 pages

Uncertainty and Technological Change

ByNathan Rosenberg

chapter |7 pages

Falling Behind

The Productivity Problem
ByRobert L. Heilbroner, Lester C. Thurow

chapter |17 pages

Science, Economic Growth, and Public Policy

ByRichard R. Nelson, Paul M. Romer

chapter |15 pages

Science and Technology Investment and Policy in the Global Economy

ByA. Michael Spence

chapter |16 pages

Intellectual Property

America's Competitive Advantage in the Twenty-first Century
ByBruce A. Lehman

chapter |13 pages

Power Shift

The Age of Non-State Actors
ByJessica T. Mathews

part |53 pages

A Tool Kit for Businesses in the Knowledge-Based Economy

chapter |6 pages


ByJacquelyn Cefola

chapter |7 pages

The Knowledge-Based Economy

From the Economics of Knowledge to the Learning Economy
ByDominique Foray, Bengt-Åke Lundvall

chapter |5 pages

The Idea of Ideas

ByJim Rohwer

chapter |23 pages

Knowledge Buyers, Sellers, and Brokers

The Political Economy of Knowledge
ByLaurence Prusak, Don Cohen

chapter |14 pages

A System of Profound Knowledge1

ByW. Edwards Deming

chapter |13 pages

The Knowledge-Creating Company

ByIkujiro Nonaka

part |152 pages

The Measurement of Knowledge

chapter |12 pages


ByG. Anthony Siesfeld

chapter |9 pages

Measuring the Performance of a Knowledge-Based Economy

ByAnne P. Carter

chapter |29 pages

Productivity, R&D, and the Data Constraint

ByZvi Griliches

chapter |30 pages

The Capitalization, Amortization, and Value-Relevance of R&D

ByBaruch Lev, Theodore Sougiannis

chapter |21 pages

Measures that Matter

An Exploratory Investigation of Investors' Information Needs and Value Priorities
BySarah Mavrinac, G. Anthony Siesfeld

chapter |20 pages

Measuring and Managing Technological Knowledge

ByRoger E. Bohn

chapter |10 pages

Putting the Balanced Scorecard to Work

ByRobert S. Kaplan, David P. Norton

chapter |16 pages

The Options Approach to Capital Investment

ByAvinash K. Dixit, Robert S. Pindyck