Abstract IT is often argued that knowledge is fundamental to the functioning of late modern economies (Drucker 1993; Stehr 1994; Thurow 2000). ‘Well, what’s new here?’, a sceptic might ask. ‘Knowledge has always been implicated in the process of economic development, since anything we do, how we transform resources into products and services, crucially depends on the knowledge we have at our disposal for effecting such a transformation. An ancient artisan, a medieval craftsman and his apprentices, and a modern manufacturing system all make use of knowledge: certain skills, techniques, and procedures are employed for getting things done’.
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