ABSTRACT
Knowledge markets are to economic development what knowledge cities are to urban development: a redefinition of the possible in today's world. This chapter shows that new generations of "knowledge natives" are engaging in innovative ways of value creation and exchange that might contain the basic elements of true knowledge organizations. The continuous emergence of scandals in highly influential banking institutions formerly considered "too big to fail" has exposed the obscure and rigged intricacies of globalized financial markets. It is increasingly obvious that the neoclassical dogma of market self-regulation was more of an ideological stand than an empirical and theoretical ground for economic science. The new forms of urban coexistence more deeply intra-connected while more widely interconnected and, hence, more capable of responding to forthcoming environmental, demographic, financial and sociopolitical challenges. The meeting of knowledge and the city is a fertile ground for recombining the biological, cultural and political endowment of humankind.
