Knowledge-Based Economy and The New Economic Paradigm  Cover Image

Икономиката, основана на знанието, и новата икономическа парадигма
Knowledge-Based Economy and The New Economic Paradigm

Author(s): Lyuben Kirev
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: economic paradigm; neoclassicism; mainstream; knowledge-based economy; knowledge; usefulness

Summary/Abstract: The governing scientific paradigm in economic theory is currently neoclassical economics, which views resource scarcity as the basis of economy’s existence, functioning and development. The article analyzes a number of new phenomena caused by knowledge-based economy, such as: abundance of knowledge; specific way of reproduction and alienation of knowledge; creative character of knowledge creation; preserving the usefulness and indestructibility of knowledge in the process of use; changes in character and mecha-nisms of accumulation; multi-subjectivity and easy transformation of knowledge from a private to a public good. These new realities do not fit in the „Procrustean bed” of neo-classical economics and doubt its explanatory possibilities. They can be viewed as a symptom and a prelude to a crisis, which will lead to a scientific revolution in economic theory and a replacement of the existing with a new scientific paradigm.

  • Issue Year: 1/2011
  • Issue No: 1-BG
  • Page Range: 139-152
  • Page Count: 14
  • Language: Bulgarian