As a resource, knowledge is totally different from the other resources economists have studied before. To begin with, it’s intangible, and it’s not depletable: the more we use it, the more we can create. The fact that knowledge is inherently inexhaustible knocks a gigantic hole in the economics that grew out of the industrial era. And, by and large, our economists haven’t caught up with this yet (though many are working on it.)
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