Rev Austrian Econ (2013) 26:497–499 DOI 10.1007/s11138-013-0201-4 Richard Arena, Agnès Festré, and Nathalie Lazaric (eds.), Handbook of Knowledge and Economics Northampton, MA: Edward Elgar Publishing, Inc., 2012. ix + 530 Pages. USD 260.00 (cloth) Paul Dragos Aligica Published online: 16 January 2013 Springer Science+Business Media New York 2013 The introduction of the volume opens with a reference to the celebrated 1937 F. A. Hayek Economica article on the role of knowledge in society, thus setting up the stage for this outstanding handbook edited by three scholars whose previous work at the disciplinary boundaries of economics and organizational theory highly recommend them for the job. Looking back today, we fully understand that Hayek’s seminal article was not a mere contribution to an important debate in comparative economic systems but, in fact, opened up an entire new intellectual domain, challenging the boundaries of traditional economic science. The domain slowly grew in time only to explode in the last couple of decades with the emergence to salience of the “knowledge based economy”, bolstered as it has been, by the even more salient revolution in information technology. The problem of knowledge production, aggregation and distribution, and the role knowledge processes have in generating,
The Review of Austrian Economics – Springer Journals
Published: Jan 16, 2013
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