Routledge Handbook of the Economics of Knowledge

Much academic literature related to the economics of knowledge has emphasized the limits of knowledge as an economic good. However, in recent times the new growth theory framework has stirred a wealth of empirical and analytical investigations on the economic characteristics of knowledge, technological knowledge in particular, and their implications for economics at large. Issues explored have included the idea that recipients of knowledge spillovers need to act intentionally in order to take advantage of them, the acknowledgement of the notion of knowledge governance costs, and discussion of the importance of allocating resources toward generation and specialization of new knowledge. The Routledge Handbook of the Economics of Knowledgeoffers a state of the art on the cutting edge research that is being done to identify and quantify the economic benefits stemming from the production and exchange of knowledge in the market place. This important volume fills a void in the literature by bringing together an international group of eminent scholars in order not only to assess the current state of the field, but also to set the agenda for the future direction of work in this area.