Economic culture and knowledge economy

Abstract This paper presents itself as a critical analysis on knowledge economy and its place in the economic culture. After framing the subject area I will continue with an inventory of ideas on the subject followed by an analysis of the various ways in which knowledge is perceived: as a production factor, as a public good, knowledge through innovation, the link between knowledge and economic growth, the link between economic growth and investing in higher education. The analysis concludes with a series of arguments for and against a knowledge based economy.