The "knowledge economy" is a concept commonly deemed too ambiguous and elusive to hold any significance in current economic debate. This valuable book seeks to refute that myth. Presenting an important collection of views, from a number of leading scholars, this innovative volume visibly...

1. Introduction and summary -- 2. World-wide-welfare : a micro-economic analysis of "The new economy" -- 3. Network formation, innovation and IT use -- 4. Adoption and diffusion of e-business and the role of network effects -- 5. Radio spectrum fees as determinants of market structure : the...