This volume claims that useful economic knowledge is the most important foundation for the development of a sufficiently strong process of innovation. Within the framework of new institutional economics, the book looks at the institutional conditions required for the interactive sharing and dissemination of knowledge in the development of economies. It outlines in four distinct parts the complex societal process of human interaction by which knowledge is effectively generated and used. between types of interaction and types of actors. Secondly it examines the economic role of knowledge and...