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The knowledge economy began as an idea about the future. During the second half of the twentieth century, it became ‘here and now’, with four sturdy foundations. These are the conviction that investment in research and development could accelerate innovation and progress; the transition into a post-industrial age in Western countries; treating education as investment in human capital; then the micro-electronics revolution. The knowledge economy was exciting and welcomed while highly educated young people could be absorbed into high-skilled, high-salary knowledge jobs. Scepticism and disillusion have spread in the twenty-first century as more and more higher education graduates in all parts of the world have found themselves over-qualified and under-employed on entering the labour market.

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The Knowledge Economy: An Idea Whose Time Has Come? or Gone?

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  • 发表日期：

    2025年

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  • Kenneth Roberts

摘要

The knowledge economy began as an idea about the future. During the second half of the twentieth century, it became ‘here and now’, with four sturdy foundations. These are the conviction that investment in research and development could accelerate innovation and progress; the transition into a post-industrial age in Western countries; treating education as investment in human capital; then the micro-electronics revolution. The knowledge economy was exciting and welcomed while highly educated young people could be absorbed into high-skilled, high-salary knowledge jobs. Scepticism and disillusion have spread in the twenty-first century as more and more higher education graduates in all parts of the world have found themselves over-qualified and under-employed on entering the labour market.