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  • https://doi.org/10.1093/oso/9780198257608.003.0004Copy DOI Icon

Knowledge Strategies: Propositions From Two Contrasting Industries

  • Mar 28, 1996
  • Michael J Earl
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Abstract

Abstract It has been argued by Bell (1979) and others that knowledge is the key resource of the post-industrial era and that telecommunications is the key technology. Employment categories have been reclassified to accommodate knowledge-working (Porat 1977) and some analysts have argued that knowledge workers already form the dominant sector of western work forces (OECD 1981). Computer scientists are prone to suggesting that knowledge-based systems can yield abnormal returns. For example, Hayes-Roth et al. (1983) claim that knowledge is a scarce resource whose refinement and reproduction create wealth and, further, that knowledge-based information technology is the enabler that turns knowledge into a valuable industrial commodity. It could be argued whether knowledge is scarce, particularly as it can be created, reproduced, and shared with as much chance of multiplying value as depleting it. Indeed, economists who are concerned with allocation and distribution of scarce resources—and also who make assumptions about availability of perfect or costless information—do recognize these unusual qualities, classifying knowledge as a public good (Silberston 1967).

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