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.
This book explores the hidden nature of the knowledge economy and
its possible futures. In every part of the production system, the
knowledge economy remains a fringe excluding the vast majority of
workers and businesses. This confinement 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. Unger sets out the route 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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