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    University and business relations: connecting the knowledge economy

    Access Status
    Fulltext not available
    Authors
    Metcalfe, Stan
    Date
    2010
    Type
    Journal Article
    
    Metadata
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    Citation
    Metcalfe, J. Stanley. 2010. University and business relations: Connecting the knowledge economy. Minerva: A Review of Science, Learning and Policy. 48 (1): pp. 5-33.
    Source Title
    Minerva: A Review of Science, Learning and Policy
    DOI
    10.1007/s11024-010-9140-4
    ISSN
    0026-4695
    School
    Staff & Student Services
    URI
    http://hdl.handle.net/20.500.11937/47037
    Collection
    • Curtin Research Publications
    Abstract

    It is commonplace to say that the modern economy is knowledge based but a moment’s reflection points to the vacuity of this notion. For all economies are knowledge based and could not be otherwise. The question is rather how is one kind of knowledge based economy to be distinguished from another? This essay proposes that the answer may lie in three directions: (1) in terms of the variety of knowledge that is engaged; (2) in terms of the processes by which the production of knowledge is organised, and its corollary the resources devoted to knowledge production and dissemination; and, (3) in terms of the purposes to which knowledge is put. In respect of each of these dimensions, the rise of the modern university as a custodian of knowledge in Western economy and society has been of central importance; but universities are not alone in this role, a wide range of other agencies, private firms, public research laboratories for instance play an important role in defining a knowledge economy and have done so increasingly since the turn of the nineteenth century—a first indication of the systemic dimensions of a modern knowledge economy.

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