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Knowledge AssetsSecuring Competitive Advantage in the Information Economy$
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Max H. Boisot

Print publication date: 1999

Print ISBN-13: 9780198296072

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198296072.001.0001

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The Information Perspective

The Information Perspective

Chapter:
(p.19) 2 The Information Perspective
Source:
Knowledge Assets
Author(s):

Max H. Boisot

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198296072.003.0002

This chapter suggests a way of integrating physical and information phenomena in a single incorporated representation, using – and modifying – a simple conceptual tool much valued by the neoclassical economists: the production function. The more efficiently knowledge and intelligence are used, the more economies achieve in the consumption of productive aspects. But knowledge and intelligence are elusive; they often have idiosyncratic traits that do not interact in any direct mechanical way with the physical world. They are dispositional and therefore do not yield easily to either direct observation or examination. If knowledge is to show up as a credible performer on a production function, it cannot be as a bolt-on to existing ones.

Keywords:   physical phenomena, information phenomena, neoclassical economists, production function, knowledge, intelligence, Ptolemaic model

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