Production and Distribution of Knowledge in the United States
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A01=Fritz Machlup
Accounting machine
Advertising
Advertising agency
Author_Fritz Machlup
Bureau of Labor Statistics
Capital asset
Catalysis
Category=KCA
Category=KJ
Computer
Consumer
Consumer spending
Current population survey (US)
Customer
Democracy in America
Economic planning
Economics
Employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Expenditure
Federal Communications Commission
Government spending
Gross national product
Income
Individualism and Economic Order
Industry
Industry classification
Industry Group
Internal Revenue Service
Invention
Investment
Knowledge economy
Labor force in the United States
Mass production
Measures of national income and output
National Association of Broadcasters
National Association of Manufacturers
National Bureau of Economic Research
National Research Council (United States)
NCR Corporation
News agency
Newspaper
Of Education
Operating Revenue
Patent
Payment
Percentage
Pragmatism
Printing
Processing (programming language)
Productivity
Publishing
Receipt
Research and development
Retail
Salary
Service Bureau Corporation
Statistic
Statistical Abstract of the United States
Supply (economics)
Tax return (United States)
Technological revolution
The New York Times
The Use of Knowledge in Society
The Wealth of Nations
United Nations Association
United States Census Bureau
United States Department of Defense
United States Department of Labor
United States Department of State
United States dollar
UNIVAC
Workforce
Works Progress Administration
Product details
- ISBN 9780691003566
- Weight: 652g
- Dimensions: 152 x 235mm
- Publication Date: 21 Jan 1973
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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The Production and Distribution of Knowledge in the United States marked the beginning of the study of our postindustrial information society. Austrian-born economist Fritz Machlup had focused his research on the patent system, but he came to realize that patents were simply one part of a much bigger "knowledge economy." He then expanded the scope of his work to evaluate everything from stationery and typewriters to advertising to presidential addresses--anything that involved the activity of telling anyone anything. The Production and Distribution of Knowledge in the United States then revealed the new and startling shape of the U.S. economy. Machlup's cool appraisal of the data showed that the knowledge industry accounted for nearly 29 percent of the U.S. gross national product, and that 43 percent of the civilian labor force consisted of knowledge transmitters or full-time knowledge receivers. Indeed, the proportion of the labor force involved in the knowledge economy increased from 11 to 32 percent between 1900 and 1959--a monumental shift. Beyond documenting this revolution, Machlup founded the wholly new field of information economics.
The transformation to a knowledge economy has resonated throughout the rest of the century, especially with the rise of the Internet. As two recent observers noted, "Information goods--from movies and music to software code and stock quotes--have supplanted industrial goods as the key drivers of world markets." Continued study of this change and its effects is testament to Fritz Machlup's pioneering work.
