Replying to Loet -- I will post this to fis later in the week
Your distinction between the backward looking institutional viewpoint
and the forward looking evolutionary perspective is cogent, but it plays
down the fact that the evolutionary one is restrained by current hegemonies
of theory and interpretation, always linking new discoveries to the
already-accepted 'facts'. So, I think that, for example, the parcelling of
energi expenditures between these viewpoints is rather something like 80%
institutional (including education in discovery techniques} and 20&%
evolutionary.
Dear Stan,
In my opinion, this is the crucial parameter for measuring the extent to
which a system has become knowledge-based. In a previous (for example,
political) economy, the institutions can be expected to leave less room for
the knowledge-based (sub)dynamics than in a knowledge-based economy. The
latter reinforce the restructuring from the perspective of what is possible
given the models. The models open up possibilities and thus the redundancy
within the system can be increased.
Best wishes,
Loet
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