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Knowledge Trumps All, or the Role of Wisdom, Know-how and Skills

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Abstract

There is a saying that to push forward you should use a trick rather than force. So what is this trick when it comes to reaching out for the future? It’s wisdom, knowledge and skills. And so we have made it to the issue of knowledge-based economy and society, the tenth Great Issue for the Future. It’s a unique conglomerate, which may help overcome many other difficulties, especially since in the future knowledge will not only be viewed as an instrument to acquire money but also as its equivalent. More and more people will increasingly prefer ever greater knowledge over ever greater money. This is a natural long-term consequence of societies continuing to get richer. And as nations get richer, their values change. The importance of material goods is in relative decline, while the prestige of non-material values, also those that money can’t buy, is rising.

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Notes

  1. Radovan Richta, Civilization at the Crossroads: Social and Human Implications of the Scientific and Technological Revolution (White Plains, NY: International Arts and Sciences Press, 1968).

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  2. Robert D. Atkinson and Stephen J. Ezell, Innovation Economics: The Race for Global Advantage (New Haven, CT: Yale University Press, 2012).

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  3. How you can be an optimist while keeping common sense is discussed by Matt Ridley, The Rational Optimist: How Prosperity Evolves (New York: Harper, 2010).

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© 2014 Grzegorz W. Kolodko

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Kolodko, G.W. (2014). Knowledge Trumps All, or the Role of Wisdom, Know-how and Skills. In: Whither the World: The Political Economy of the Future. Palgrave Macmillan, London. https://doi.org/10.1057/9781137470256_5

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