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Cited by 1,922

The DOI matches its Crossref record; 12 of the 12 references it cites were found in a registry or an index.

The Knowledge Economy

Powell, Walter W., Snellman, Kaisa·2004·Annual Review of Sociology
DOI 10.1146/annurev.soc.29.010202.100037
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Abstract

We define the knowledge economy as production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as rapid obsolescence. The key component of a knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. We provide evidence drawn from patent data to document an upsurge in knowledge production and show that this expansion is driven by the emergence of new industries. We then review the contentious literature that assesses whether recent technological advances have raised productivity. We examine the debate over whether new forms of work that embody technological change have generated more worker autonomy or greater managerial control. Finally, we assess the distributional consequences of a knowledge-based economy with respect to growing inequality in wages and high-quality jobs.

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Metadata

Authors
Powell, W. W., & Snellman, K.
Venue
Annual Review of Sociology
Publisher
Annual Reviews
Published
2004-08-01
Volume
30
Issue
1
Pages
199-220
ISSN
  • 0360-0572 (ISSN-L)
  • 1545-2115
DOI
10.1146/annurev.soc.29.010202.100037
OpenAlex
W2165775312
Cited by
1,922
References
12
FWCI
10.50
Type
journal article
Language
en
Open access
closed

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