Dean, A. and Kretschmer, M. (2007) Can ideas be capital? Factors of production in the post-industrial economy: a review and critique. Academy of Management Review, 32(2), pp. 573-594. (doi: 10.5465/AMR.2007.24351866)
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Abstract
Economic and social relations are undergoing radical change, expressed in such concepts as "knowledge economy," "weightless economy," "postindustrial society," and "information society." The literature suggests the arrival of a distinct new factor of production--intellectual capital--replacing or perhaps supplementing land, labor, and capital. We give a historically informed theoretical exposition of capital as the durable result of past production processes, transforming future production while not being transformed itself and associated with a particular economic actor. We then construct a taxonomy of the possible characteristics and location of intellectual capital in postindustrial production.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Kretschmer, Professor Martin |
| Authors: | Dean, A., and Kretschmer, M. |
| College/School: | College of Social Sciences > School of Law |
| Journal Name: | Academy of Management Review |
| ISSN: | 0363-7425 |
| ISSN (Online): | 1930-3807 |
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