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David S

David S's Public Library

Jun 10, 15

"In the past, our stocks of knowledge, - what we know, - was a great source of economic value.  That is no longer the case, because the increasing rate of change all around us is rapidly obsolescing knowledge.  Therefore, the real economic value has now moved from the stocks of knowledge to the flows of new knowledge that we are now able to quickly acquire, and thus refresh and expand our rapidly depleting stocks of knowledge.  The Flow index is an elegant concept that nicely captures the essence of the knowledge economy.  "

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