We are in the midst of a major transition from an industrial economy to a knowledge economy. We have talked about this coming transition since the mid-1950s when Fritz Machlup began to track shifts in our national accounts. Today, having lived through the transition, we have a much better understanding of what a knowledge economy is and how it works.
Growing Intellectual Capital
A knowledge economy is one in which intellectual capital is a primary factor of productivity and a major source of we