Talk:Knowledge economy

found that a majority of this article comes directly from [http://www.skyrme.com/insights/21gke.htm DavidSkyme's The Global Knowledge Economy: and its implication for markets]

not saying thats bad, that article is free.

It is not true, that Porter invented "knowledge worker". It was rather Machlup in 1960s.

Too much about this 1966 book. It may have defined some useful terms, but how the author knew that these would happen soon is very clever. More sources needed. Suggest leave this as "one interpretation" or combine with The information age and digital age and digital revolution in line with 5 pillars. oops not logged in (this is user:victuallers

Actually, it's not OK that this article was copied from that page; the copyright page says that permission is required before distribution to more than 10 people, and the page itself says no commercial use (which is incompatible with Wikipedia's license terms). -- Beland (talk) 16:15, 9 July 2019 (UTC)

Knowledge economics is not about abundance, it is about the study of knowledge as a commodity, the transformation of knowledge into useful products. Obviously its deeper than that when you study it.

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Dr. Khumalo has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

Let us take the first paragraph, one can not claim it to be clear, indeed it is true to say “The knowledge economy is the use of knowledge (savoir, savoir-faire, savoir-être) to generate tangible and intangible values,” how then does one end up with the next sentence, “Technology and in particular knowledge technology help to transform a part of human knowledge to machines.”

This is a very limited and wrong concept of what knowledge is and this wrong concept of what knowledge is, the machine is created by human knowledge for a purpose, you can’t then say knowledge is transferred to a machine, because the machine was created by knowledge for that purpose. It is why one would talk about commodified knowledge, making the first sentence true, but the second sentence ambiguous.

Knowledge is information that is known to a human or society. We must then first understand what information is. We need a definition of information that keep up with the times and unifying disciplines. We must turn to physics, in particular quantum physics to understand what information is. One can watch a video concerning 4 prominent scientists discussing the question of information, these 4 scientists are, Leonard Susskind, Sir Anthony Leggett, Christopher Fuchs, Seth Lloyd, Bob McDonald and the video can be found here, https://www.youtube.com/watch?v=3S0IGwKGV6s

Essentially everything is information because everything can inform us about something. Once we understand that everything is information we then can show how all information behaves the same, be it information known to us that we can call knowledge, or information unknown to us. And this is what makes economics a science, what makes anything a science, the understanding that we are dealing with the extraction of information and understanding the flow of information. Commodities are merely commodified information, and they flow.

First we show that all information has basic similarities, and this was covered in the paper “Why Economics is a Science: Information the Grand Unifier,” by Bhekuzulu Khumalo, the paper can be found here, file.scirp.org/pdf/ME_2016022415282958.pdf^{[predatory publication]}

All information comes in packages, the smallest package being an elementary particle and the largest package being everything

All information is discrete, it comes in indivisible packages, knowledge too must be discrete. If what is being observed is discrete, it can not be then made continuous except for human understanding and teaching.

All information can be isolated, if we could not isolate it we would not be able to learn, we learn in increments because we can isolate information. If information could not be isolated we would have to know everything or nothing at all, an impossibility. What is a commodity but isolated information? Wheat is but isolated grass, we differentiate it from other grasses, and then isolate the grain from the rest of the wheat stalk. A smart phone, is but a creation from our isolation of information, we know the difference between copper, steel, plastics, all this knowledge we gained by isolating information we have created a smart phone. This smart phone is not a result of knowledge being poured into it, it was created by knowledge to serve it’s purpose.

Knowledge has been the main commodity for human survival since antiquity. When we understand that we understand the folly of the second sentence as it comes from a very shallow definition of knowledge, and not understanding what information is, the second sentence is the following, “Technology and in particular knowledge technology help to transform a part of human knowledge to machines.” When we understand how pervasive knowledge has been as a commodity in human society we can even justify redefining economics such that the word knowledge is included in the definition of economics. In the paper “Defining Economics in the Twenty First Century” a more contemporary definition of economics was given and justified. The definition was given as “economics is the study of how humans use knowledge to identify resources and use these scarce resources to create, using knowledge, commodities and distribute them among people.” The paper was written Bhekuzulu Khumalo.

It is when we understand that information is everything, and that knowledge is merely information that is known to us, and further still, not all information known to us can be commodified. When we understand that a good, no matter how simple, from a simple stick as a weapon, to the smart phone is nothing but commodified information, commodified knowledge economics becomes part of all sciences, and seeks to understand scientific processes. Economics like all other systems in the universe is about relationships between information, as was explained in this video about a speech given at Ryerson University, on 3 June 2016. The video can be found here, again a speech given by Bhekuzulu Khumalo, https://www.youtube.com/watch?v=4PfWDKun53Q

Accepting the second sentence “Technology and in particular knowledge technology help to transform a part of human knowledge to machines” as true would greatly limit our understanding of knowledge as a commodity. In the paper “Why Economics is a Science: Information the Grand Unifier,” Bhekuzulu Khumalo argued “It is deeply flawed and a lack of understanding of knowledge to believe human beings have recently entered a knowledge economy. This flaw off believing knowledge only now became central to human survival and economics it does not allow one to fully appreciate the concept of information, that information is everything. This hinders the economist thought pattern and does not allow economics to be fully a science. Information is central to science.”

Take the last sentence of the last paragraph, “Knowledge economy is also possible without technology.” We must first understand what technology is, In the abstract for the paper on why economics is a science, it says, “The economy has always been a knowledge economy. For those having a firm grasp of knowledge know that using a stick to fend off a wild beast takes knowledge, just as landing a robot on mars takes knowledge” A stick is technology, all tools are technology, even a rock, or a stone if it is used as a tool. How then would it be correct to say the knowledge economy is also possible without technology.

To suggest that human survival has been possible without tools, without technology is misleading. Technology is a result of the amount of information we have isolated. The more information we isolate the greater our knowledge base becomes as society, this leads to changing technology, because technology levels are the direct result of how much knowledge a society possesses. When caveman through rocks at sabre toothed tigers, rocks where the technological weapons associated with how much information they had isolated. Atomic weapons are associated with the amount of information that has been isolated and extracted by human beings. Rock paintings was the technology associated with the caveman’s knowledge base, micro chips are associated how much information has been extracted in this age.

Perhaps paragraph one needs a lot a soul searching and a firmer grasp of information and knowledge.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

Dr. Khumalo has published scholarly research which seems to be relevant to this Wikipedia article:

• Reference 1: Khumalo, Bhekuzulu, 2008. "Knowledge Economics: Improving Theoretical Framework of Knowledge Transfer," MPRA Paper 8942, University Library of Munich, Germany.

• Reference 2: Khumalo, Bhekuzulu, 2007. "Knowledge Theory and Investment: Enhanced Investment Decision Based on the properties of Point X," MPRA Paper 4201, University Library of Munich, Germany.

• Reference 3: Khumalo, Bhekuzulu, 2008. "The Variable Time: crucial to understanding Knowledge Economics," MPRA Paper 9643, University Library of Munich, Germany.

ExpertIdeasBot (talk) 12:36, 7 June 2016 (UTC)

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Well, I guess that's a very long way of saying that the intro was terrible. I rewrote it. -- Beland (talk) 16:05, 9 July 2019 (UTC)

After adding multiple secondary sources to the first section and reviewing the article, I have removed the insufficient in-text citations template. I do not think the problem is now insufficient in-text citations. I think it is still unclear and basically not up to date with descriptions of the knowledge economy in authoritative secondary sources.Johncdraper (talk) 09:21, 10 February 2020 (UTC)