Hayek's (1945) elaboration of the difficulty of aggregating diffuse private knowledge is the best-known articulation of … the knowledge problem, and is an example of the difficulty of coordinating individual plans and choices in the ubiquitous … and unavoidable presence of dispersed, private, subjective knowledge; prices communicate some of this private knowledge …

The paper discusses the implications of considering any piece of knowledge as composed by a chain of explanations, and …, consequently, of assuming as goal of scientific research the production of new knowledge in the form of novel, or better …, explanations. This perspective provides a consistent framework to interpret the activities related to knowledge creation and leads …

Geographical clusters of innovative activity are mediums for the efficient transfer of tacit knowledge and its … thermodynamic theory, that models the tradeoff between fixed costs and variable costs. We identify tacit knowledge as noise … sensitive "high-fixed-cost knowledge" and demonstrate with the help of the analytical framework that it is more efficiently …

, has always considered sets of individuals with assumed characteristics, namely the level of knowledge, although in an … individuals, was characterised by a certain level of knowledge that, indeed, could be associated with the one of its …, since the very first economic models of the government, it was assumed that the level of knowledge of society, represented …

Knowledge drives the growth of nations and regions in a competitive space-economy. Hence, we would expect a strong … correlation between investments in R&D, knowledge and learning processes, on the one hand, and productivity increases, on the … other. However, the empirical evidence shows consistent discrepancies between knowledge inputs and economic performance …