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

By A. Dean, Martin Kretschmer. 2007

259 citations recorded by the source corpus.

Economic and social relations are undergoing radical change, expressed in such concepts as “knowledge economy,” “weightless economy,” “postindustrial society,” and “information society.” The literature suggests the arrival of a distinct new factor of production—intellectual capital—replacing or perhaps supplementing land, labor, and capital. We 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. We then construct a taxonomy of the possible characteristics and location of intellectual capital in postindustrial production.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/a6cc5a1c7ad9a7bc3c48f1eb29da10e93c3c6f0e

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In Economics and Econometrics

Citations in the corpus

Towards ‘An Intellectual Capital-Based View of the Firm’: Origins and Nature (2011, methodology): “The rise of the knowledge-based economy and society has been attributed to the predominance of intellectual capital (IC) as a key resource for obtaining firm’s sustained competitive advantages (Dean and Kretschmer, 2007).”
Value Creation, Appropriation, and Distribution: How Firms Contribute to Societal Economic Inequality (2018, background): “The resources combined and exchanged include both tangible factors of production, such as land, labor, and capital (Barney, 1986; Dean & Kretschmer, 2007) as well as intangible resources, such as knowledge, intellectual capital, and reputation (Fombrun & Shanley, 1990; Hall, 1993; Nahapiet &…”
Influence of Social Exchange Relationships on Affective Commitment and Innovative Behavior: Role of Perceived Organizational Support (2018, background): “the various actors that assist them in the development of employees’ IB [7], and employees are expected to improve their organization’s processes by producing and implementing innovative solutions that enhance both customer satisfaction and services [8].”
The Resource-Based View: A Review and Assessment of Its Critiques (2010, background): “…that human and intellectual capital are hard to own or control, a property rights and contracts perspective may prove particularly useful in analyzing how human and intellectual capital can be sources of SCA in relation to the firm (Bowman & Swart, 2007; Coff, 1997; Dean & Kretschmer, 2007).”