Knowledge Economy

Résumé du document

It is to analyze the market by incorporating the notion of knowledge, long ignored economics. Have focused on issues of social interactions (exchanges) that are at the heart of concerns. Indeed, microeconomics (the theory of individual shares) standard (Walras, French economist of the nineteenth century) is not a realistic model of the market to the extent that the agents are isolated and anonymous and they have a perfect or classical information (economic agent knows and anticipates all), which is not very true in our current economy, as information is scarce and expensive. It is the existence of a single price which is the information vector. As agents do not they need to interact because the only price sufficient for their information. But in reality it's the uncertainty, the agents do not know everything about everything and imperfect information and rare.

More strategic interactions are an integral part of the functioning of the market. Similarly, there is a price dispersion confirm the limits of the theory of general equilibrium under Walras (at a price request is associated to an offer or a request is associated), or, an offer is an associate multiple applications and interactions comes into play in this particular context, because the information is not perfect, it is cheated.

Extraits

[...] While knowledge requires learning (learning from mistakes, correcting better). The information is not a problem of interpretation, or cognitive learning, while knowledge is of a social aspect to the extent that it is inseparable from all forms of social interaction, there are two situations acquisition Information: Complete Information Complete information is made to know the different states of the world to know where is the right information, the most profitable, here the individual is rational and can even anticipate certain actions. [...]

[...] So knowledge is transmitted because it can be reached by logical reasoning (books, licenses and learning methods of transmission of knowledge). The tacit or implicit knowledge: It is linked to the individual who sends in the sense that knowledge is born primarily of experience and unique to each individual practice. There are two ways to be born: The observation of the past (learn from his own actions to create individual rules) Observation of other economic agents (learn social rules from agents around us) II. [...]

[...] in the sense that a single price, a single amount is associated with a model imperfect balance or it involves interactions between agents and at one price, one can associate several quantities (Fig.2). The perfect balance model is outdated nowadays, because the agents interact, negotiate prices, seeks information that perfect fit. This is a subjective need for confrontation with the interactions of other economic agents. So these are different terms that lead to the emergence of the new microeconomics focuses on knowledge and social interactions. [...]

[...] The concept of information versus knowledge: 2 Complete Information 3 Incomplete Information 3 Conclusion 3 Introduction Knowledge is the key factor for the success of economies in balance According to Walras general equilibrium (common welfare). Here it 'there is no interaction between individuals. The knowledge-based economy in the sense of Foray (Economist French school of Lausanne, Switzerland) Knowledge is seen as an economic good. So it is to analyze the characteristics and properties, we highlight the evolution of the activity in the nature of goods produced contains a growing share of knowledge. Is why today, we realize that all goods products contain knowledge. Each well contains a part of knowledge. [...]

[...] Or the person who has the information to be transmitted can affect any individual in his vision of the problem. Conclusion Knowledge is one of the founding theories of our choices, our individual expectations either, but interactive as the sole agent can no longer make rational choices because there are many informational. Instead of acting alone, the agent will play strategies, cognitive abilities acquired or transmitted by the phenomena of the past or his own learning. Its importance is no longer to demonstrate today and is a founder of theories of imperfect rationality of economic agents. [...]