Getting to know the knowledge economy: ICTs, networks and governance

Do we live in a new information-based networked economy? This is the underlying issue raised in this article. Confronting the claims made that such an economy is in the making provides the opportunity to discuss some ideas about the reconfiguration of knowledge that the interaction of ICTs with netw...

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Bibliographic Details
Published in:Economy and society 2004-11, Vol.33 (4), p.562-581
Main Author: Thompson, Grahame F.
Format: Article
Language:English
Subjects:
Communications technology
craft production
economic evolution
Economic Structure
governance
Human capital
Ideas
information and communication technologies
Information exchange
Information Society
Information Technology
Knowledge
knowledge production
Networks
production systems
Sociology of knowledge
tacit knowledge
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Summary:Do we live in a new information-based networked economy? This is the underlying issue raised in this article. Confronting the claims made that such an economy is in the making provides the opportunity to discuss some ideas about the reconfiguration of knowledge that the interaction of ICTs with networks is providing. The extent and importance of ICTs is analysed and their potential impact on the evolution of economic activity investigated. The question of how to 'govern' these interactions is also broached. Perhaps somewhat paradoxically, a key argument made is that the advent of ICTs is pressing networks into a deeper engagement with tacit knowledge and the reappraisal of the virtues of craft production.
ISSN:0308-5147
1469-5766
DOI:10.1080/0308514042000285297