Measuring a Society’s Knowledge Base

Khumalo, Bhekuzulu (2006): Measuring a Society’s Knowledge Base.

Abstract

The quest to measure knowledge effectively will in no doubt lead to better knowledge policies of governments around the world in both developing and developed countries. This paper endeavours to seta sound theoretical base for measuring knowledge and does this by demonstrating that existing tools used by economists for measuring knowledge are largely self contradictory, they contradict existing theory. Knowledge to be measured effectively we must give knowledge its own units like weight and length have their own units, only then can we say how much knowledge one needs to carry out a particular task.

• Item Type: MPRA Paper
• Institution: Bhekuzulu Khumalo
• Language: English
• Keywords: knowl; knowledge
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy; A - General Economics and Teaching > A1 - General Economics

References

Hayek, Friedrich von (1945). the Use of Knowledge in Society.American Economic Review (Sept.). [pages519 - 530] Khumalo Bhekuzulu (2004) Fundamental Theory of Knowledge, http://asp.african-institute.org/Pdf/The_fundamental_theory.pdf Malhotra, Yogesh (2003). Measuring Knowledge Assets of a Nation: Knowledge Systems for Development. New York: United Nations, Sept. Schmid, E. Randolph (2006). Parasitic Weed Seems to Smell Its Prey.? www.physorg.com/news78763233.html (Sept. 29).