We live in a knowledge economy. What you know—and your ability to bring it to bear in any given circumstance—is what creates economic value for you. This was primarily driven by the advent of personal computers and the internet, starting in the 1970s and accelerating through today.

But what happens when that very skill—knowing and utilizing the righ... See more

Here’s the big change we all need to understand. The network itself is now the means of value creation, and thus wealth creation. Wealth, wisdom, power, and status all flow on the network...the big picture is that we can see each other and communicate about most things instantly and for zero marginal cost.

Furthermore, as argued by Rainer Kattel, who’s working with Mariana Mazzucato at the IIPP, it takes a certain organizational form to support innovation in the economy[407]. And based on my experiences as a senior civil servant, I highly doubt that the current form of the state allows it to impose what Carlota Perez calls a “direction for innovation

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This is an interpretation of the economy as a knowledge and knowhow amplifier, or a knowledge and knowhow amplification engine: a complex sociotechnical system able to produce physical packages containing the information needed to augment the humans who participate in it.1 Ultimately, the economy is the collective system by which humans make inform

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