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Knowledge Trumps All, or the Role of Wisdom, Know-how and Skills

In: Whither the World: The Political Economy of the Future

Author

Listed:
  • Grzegorz W. Kolodko

    (Kozminski University)

Abstract

There is a saying that to push forward you should use a trick rather than force. So what is this trick when it comes to reaching out for the future? It’s wisdom, knowledge and skills. And so we have made it to the issue of knowledge-based economy and society, the tenth Great Issue for the Future. It’s a unique conglomerate, which may help overcome many other difficulties, especially since in the future knowledge will not only be viewed as an instrument to acquire money but also as its equivalent. More and more people will increasingly prefer ever greater knowledge over ever greater money. This is a natural long-term consequence of societies continuing to get richer. And as nations get richer, their values change. The importance of material goods is in relative decline, while the prestige of non-material values, also those that money can’t buy, is rising.

Suggested Citation

  • Grzegorz W. Kolodko, 2014. "Knowledge Trumps All, or the Role of Wisdom, Know-how and Skills," Palgrave Macmillan Books, in: Whither the World: The Political Economy of the Future, chapter 12, pages 337-360, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-47025-6_5
    DOI: 10.1057/9781137470256_5
    as

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