Institutional and Structural Dimensions of the Knowledge Economy A Critical Review on the Book Knowledge-based Economy: Fundamentals, Concepts, Methodology

With the introduction of knowledge-based economy as a new form of economic development model, we have witnessed the publication of many books and research papers in recent years. One of these works is the book Knowledge-Based Economics: Basics, Concepts, Methodology, which was recently published, and this article introduces and reviews its content. In terms of content, according to the authors' emphasis on the importance of tacit knowledge and placing it in the focus of discussions, their approach to the knowledge-based economy can be considered evolutionary, and also considering the emphasis on institutions for the foundation of the knowledge-based economy, their analytical framework is institutional economics. The book is comprehensive, but it is not completely consistent with the selected title in which the methodology is mentioned. Also, while the theories rely on statistical evidence, the oldness of the presented statistics makes it necessary to update the sources and reports used. There is no room for different views on the knowledge-based economy and the discussion about the complexities of intellectual property rights in the book. But in general, the book has been able to present the fundamentals and concepts of a knowledge-based economy to the audience in clear and simple language.