It [knowledge] is clearly related to information, which we…
“It [knowledge] is clearly related to information, which we can now measure; and an economist especially is tempted to regard knowledge as a kind of capital structure, corresponding to information as an income flow. Knowledge, that is to say, is some kind of improbable structure or stock made up essentially of patterns - that is, improbable arrangements, and the more improbable the arrangements, we might suppose, the more knowledge there is.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Knowledge is viewed as a rare, pattern‑based asset akin to capital, where its value rises with the improbability of its structure.
In simple terms: Knowledge is rare, pattern‑based capital.
Treat knowledge as strategic capital.
Themes
Mood
Type
When to use this quote
- business strategy
- research development
- policy making
- education planning
Key Concepts
Questions to Reflect On
- How can organizations capture the value of improbable patterns?
- What limits the conversion of knowledge into economic gain?
Knowledge is not always measurable like financial capital.