The Tacit-Knowledge Economy

See on Scoop.itThings I Grab (Here and There): THgsIGrbHT

Knowhow resides in brains, and emerging and developing countries should focus on attracting them, instead of erecting barriers to skilled immigration.

plerudulier‘s insight:

To make stuff, you need to know how to make it, and this knowledge is, to a large extent, latent – not available in books, but stored in the brains of those who need to use it.

CommentsView/Create comment on this paragraphGetting it there is really tough. Tacit knowledge is acquired mostly through learning by doing. That is how we train musicians, barbers, doctors, and scientists. Consider how long it takes an adult to learn to speak a language or a musician to master the violin.

CommentsView/Create comment on this paragraphMoreover, tacit knowledge is vast and growing, so that only a miniscule fraction of it fits in anybody’s head.

Read more at http://www.project-syndicate.org/commentary/on-the-mental-sources-of-productivity-growth-by-ricardo-hausmann#KYoCCf7FHDGd2jVW.99

See on www.project-syndicate.org

About plerudulier

Primarily interested in interacting and engaging with people about issues related to profession but also charity, environment, ... you get the idea.

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