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ON THE EXPEDIENCY OF DISTRIBUTION OF THE PROCESSES OF KNOWLEDGE PRODUCTION AND CONSUMPTION

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PDF: Author(s): Kabanov P. V.,
Number of journal: 4(17) Date: November 2011
Annotation:

The article has reviewed options of economic interaction of the market entities in terms of investments to the knowledge production. The objective of the issues of priority and attractiveness of financing innovation projects with the deferred and risk profitability has been stated. The author’s point of view on the definition of the concept ‘knowledge’ has been provided. The quantitative approach to knowledge evaluation based on the criteria of expenses and market profitability has been criticized. The necessity of transition from the quantitative to the qualitative evaluation of knowledge has been justified. The author’s hypotheses regarding the conditions capable to provide for functioning of the knowledge economics have been provided.

Keywords:

knowledge market economy, knowledge economics, investments, innovations, investment appeal, companies’ owners, economic efficiency, profitability, knowledge production, knowledge consumption

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