ABSTRACT
Human capital theory treats knowledge as something owned by the individual. The innovation process, albeit being spurred by industrial and national desires for growth, requires sets of skills that have broad applicability for social progress-often aimed at the reduction in use of scarce resources and in cooperative knowledge-building. Knowledge economics theory is not really about traditional measures of economics at all since it is not centered around the creation of markets. Instructionism prepared students for the industrialized economy. Homer-Dixon links the idea of weak links or fragile states with network theory and a new, emerging theory of resilience. Clay Shirky, author of Here Comes Everybody, articulates this idea and suggests that institutions tend to reward people on the left-hand side of the scale to the detriment of the often higher quality of ideas on the right.
