PUBLIC POLICY FOR A KNOWLEDGE ECONOMY

Document Type : Translation

Authors

1 Professor of Economics, Allameh Tabatabai University

2 PhD in Agricultural Development from Bu Ali Sina University

Abstract

In what ways are the laws that govern the new Economies differ from that of
the old? To be sure, we still face the economics of scarcity. But just as the
importance of land in production changed dramatically as the economy moved from
agriculture to industry, so too does the movement to a knowledge economy
necessitates a rethinking of economic fundamentals. Knowledge is different from
other goods: it has many of the central properties of a public good, indeed of a global
public good.While government has a key role in protecting all property rights, its
role in intellectual property rights is far more complicated: the appropriate definition of
these rights is not even obvious. And in the knowledge economy, the dangers of a
monopolization are perhaps even greater than in industrial economies. These are but
three examples of the ways in which the role of government in the knowledge
economy may differ markedly from that in the industrial economy with which we have
become familiar over the past century.

Keywords

Main Subjects

References

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Strategic Studies of public policy
Volume 7, Issue 23
August 2017
Pages 209-235

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