Learning-by-doing and knowledge management in financial markets

Abstract

This article provides a model of the ways in which knowledge is defined and conceptualised in economic geography including reference to codified and tacit knowledge and how these concepts apply or do not apply to financial markets. This leads to a reinterpretation of learning-by-doing, and a call for a renewed focus on human behaviour especially as regards to the ways in which knowledge and understanding of financial markets intersect with management strategy and organisational design. Implications are drawn for economic geography about what appear to be two different and non-intersecting research programmes in the discipline—the knowledge economy and finance.

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