PAGES

73 – 81

DOI

10.1080/08109029708632052
©
DON LAMBERTON.

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Issues

Also in this issue:

The Knowledge-based Economy: A Sisyphus Model

DON LAMBERTON.

The current fashionable emphasis on the knowledge-based economy is missing the real significance of the dichotomy between tacit and codified knowledge. A continuing input of tacit knowledge is essential to sustained innovation and growth. Without this, the modern thrust towards codification based on IT can lead to an economy with plenty of processing capacity but no new knowledge to process.

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