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Can Ideas be Capital? Factors of Production in the Post-Industrial Economy: A Review and Critique

Dean, Alison, Kretschmer, M. (2003) Can Ideas be Capital? Factors of Production in the Post-Industrial Economy: A Review and Critique. In: Academy of Management Conference, August 1-6, Seattle. (Unpublished) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:9146)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.

Abstract

It is a widely accepted premise that we are in a midst of a radical change of

economic and social relations, associated with terms such as the “knowledge

economy”, “weightless economy”, “post-industrial society” or “information

society”. The intellectual capital literature appears to suggest the arrival of a

distinct factor of production, replacing or supplementing land, labour and

capital. Some exponents of intellectual capital analysis see knowledge, ideas,

capabilities and skills as a new, perhaps overriding productive factor; others

conceive of the changes within a widening of the traditional definition of

capital to include business processes, intellectual property, product ideas, even

customer loyalty; again others use “intellectual capital” as a rhetorical tool

withholding any coherent definition.

In this article, we first 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. Second, we offer a taxonomy of the perceived characteristics

and location of intellectual capital in the production process. Third, we argue

that capital, and thus intellectual capital, is not a useful way of theoretically

capturing knowledge and ideas

Item Type: Conference or workshop item (Paper)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Depositing User: Alison Dean
Date Deposited: 12 Sep 2008 12:37 UTC
Last Modified: 16 Nov 2021 09:47 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/9146 (The current URI for this page, for reference purposes)
Dean, Alison: https://orcid.org/0000-0001-7135-8585
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