The Knowledge Economy
The Knowledge Economy by Roberto Mangabeira Unger, published by Verso Books on June 28, 2022, is a reprint edition comprising 304 pages in English. This book presents a revolutionary account of the transformative potential of the knowledge economy, emphasizing that the most advanced practices of production have shifted away from conventional manufacturing to innovative approaches. Unger explores the hidden nature of the knowledge economy, highlighting its current limitations and the exclusion of many workers and businesses from its benefits.
Readers will find a thorough examination of the knowledge economy’s role in driving economic stagnation and inequality globally. Unger discusses the inadequacies of traditional mass production as a means of economic growth and argues for a more inclusive form of the knowledge economy. He proposes necessary changes not only in economic institutions but also in education, culture, and politics, aiming to make the knowledge economy accessible to a broader population. This work engages with themes in political science and political economy, offering insights into the challenges and potential futures of contemporary economic practices.
Official synopsis Publisher
Revolutionary account of the transformative potential of the knowledge economy
Adam Smith and Karl Marx recognized that the best way to understand the economy is to study the most advanced practice of production. Today that practice is no longer conventional manufacturing: it is the radically innovative vanguard known as the knowledge economy. In every part of the production system it remains a fringe excluding the vast majority of workers and businesses. This book explores the hidden nature of the knowledge economy and its possible futures.
The confinement of the knowledge economy to these insular vanguards has become a driver of economic stagnation and inequality throughout the world. Traditional mass production has stopped working as a shortcut to economic growth. But the alternative—a deepened and socially inclusive form of the knowledge economy—continues to lie beyond reach in even the richest countries. The shape of contemporary politics on both the left and the right reflects a failure to come to terms with this dilemma and to overcome it.
Unger explains the knowledge economy in the truncated and confined form that it has today and proposes the way to a knowledge economy for the many: changes not just in economic institutions but also in education, culture, and politics. Just as Smith and Marx did in their time, he uses an understanding of the most advanced practice of production to rethink both economics and the economy as a whole.
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