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What does tacit knowledge actually explain?

Author

Listed:
  • Jonathan Perraton
  • Iona Tarrant

Abstract

The concept of tacit knowledge has come a long way from its origins in Michael Polanyi's work and its championing by Hayek and other Austrian economists. It is now widely, even routinely, cited not only in Austrian economics, but also in institutional economics work, industrial economics and economic geography. Further, rather than being viewed as a hypothesis requiring conceptual clarification and empirical testing, the concept of tacit knowledge is almost invariably treated as established, even incontrovertible, virtually as a fact. Conceptual disputes over tacit knowledge have instead focused on the boundaries between codifiable and tacit knowledge. Here we draw upon a critique of tacit knowledge and tacit rule following from the social philosophy literature that has not been considered in the economics literature hitherto. In brief, this critique argues that the concept of tacit knowledge is merely a term given to a phenomenon the observer does not understand; as such, it has no explanatory content. Through a philosophical examination of rule following, this critique further argues that the concept of agents tacitly following rules is highly problematic, not to say implausible.

Suggested Citation

  • Jonathan Perraton & Iona Tarrant, 2007. "What does tacit knowledge actually explain?," Journal of Economic Methodology, Taylor & Francis Journals, vol. 14(3), pages 353-370.
    • Handle: RePEc:taf:jecmet:v:14:y:2007:i:3:p:353-370
    DOI: 10.1080/13501780701562559
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    Citations

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    Cited by:

    1. Alhusen, Harm, 2020. "Experience-based know-how, learning and innovation in German SMEs: An explorative analysis of the role of know-how in different modes of innovation," ifh Working Papers 27/2020, Volkswirtschaftliches Institut für Mittelstand und Handwerk an der Universität Göttingen (ifh).
    2. Dominik Bertram & Tobias Chilla & Carola Wilhelm, 2021. "Short Value Chains in Food Production: The Role of Spatial Proximity for Economic and Land Use Dynamics," Land, MDPI, vol. 10(9), pages 1-21, September.
    3. Samuli Leppälä, 2015. "Economic Analysis Of Knowledge: The History Of Thought And The Central Themes," Journal of Economic Surveys, Wiley Blackwell, vol. 29(2), pages 263-286, April.
    4. Leppälä, Samuli & Desrochers, Pierre, 2010. "The division of labor need not imply regional specialization," Journal of Economic Behavior & Organization, Elsevier, vol. 74(1-2), pages 137-147, May.
    5. Natalia Molina & Gianluca Brunori & Elena Favilli & Stefano Grando & Patrizia Proietti, 2021. "Farmers’ Participation in Operational Groups to Foster Innovation in the Agricultural Sector: An Italian Case Study," Sustainability, MDPI, vol. 13(10), pages 1-27, May.

    More about this item

    Keywords

    Tacit knowledge; rule-following; methodology; D83; B52; B53; B25; B41;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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