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The Knowledge Economy

Author

Listed:
  • Muntean, Mihaela-Carmen
  • Nistor, Costel
  • Manea, Ludmila Daniela

Abstract

We are living through a period of profound change and transformation of the shape of society and its underlying economic base .The nature of production, trade, employment and work in the coming decades will be very different from what it is today. In an agricultural economy land is the key resource. In industrial economy natural resources, such as coal and iron ore and labour are the main resources. A knowledge economy is one in which knowledge is the key resource. One in which the generation and the exploitation of knowledge has come to play the predominant part in the creation of wealth.

Suggested Citation

  • Muntean, Mihaela-Carmen & Nistor, Costel & Manea, Ludmila Daniela, 2009. "The Knowledge Economy," MPRA Paper 18256, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:18256
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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Thermoeconomics > Bifurcations of the entropy law

    More about this item

    Keywords

    Key words: knowledge economy; globalization; organization; comparative advantage;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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