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
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A knowledge economy is one in which intellectual capital is a primary factor of productivity and a major source of we
