A Technology Roadmap for Intangible Assets Metrology

Fundamentals of Measurement Science: International Measurement Confederation (IMEKO) TC1-TC7-TC13 Joint Symposium

11 Pages Posted: 12 Sep 2011 Last revised: 14 Jan 2012

See all articles by William P. Fisher

William P. Fisher

University of California, Berkeley - BEAR Center

A. Jackson Stenner

MetaMetrics, Inc.

Date Written: June 11, 2011

Abstract

Measurement plays a vital role in the creation of markets, one that hinges on efficiencies gained via the universal availability of precise and accurate information on product quantity and quality. Fulfilling the potential of these ideals requires close attention to measurement and the role of technology in science and the economy. The practical value of a strong theory of instrument calibration and metrological traceability stems from the capacity to mediate relationships in ways that align, coordinate, and integrate different firms' expectations, investments, and capital budgeting decisions over the long term. Improvements in the measurement of reading ability exhibit patterns analogous to Moore’s Law, which has guided expectations in the microprocessor industry for almost 50 years. The state of the art in reading measurement serves as a model for generalizing the mediating role of instruments in making markets for other forms of intangible assets. These remarks provide only a preliminary sketch of the kinds of information that are both available and needed for making more efficient markets for human, social, and natural capital. Nevertheless, these initial steps project new horizons in the arts and sciences of measuring and managing intangible assets.

Keywords: markets, institutions, rules, technology, technoscience, sociotechnical networks, actor network theory (ANT), measurement, mediating instruments, Rasch models, instrument calibration, technology roadmaps, education, health care, coordination studies, standards, metrology, history, Moore's Law

JEL Classification: B41, D23, D24, D70, D84, D92, E22, G31, I10, I20, L15, L16, L22, L86, M14, M54, O32, O33, P11

Suggested Citation

Fisher, William P. and Stenner, A. Jackson, A Technology Roadmap for Intangible Assets Metrology (June 11, 2011). Fundamentals of Measurement Science: International Measurement Confederation (IMEKO) TC1-TC7-TC13 Joint Symposium, Available at SSRN: https://ssrn.com/abstract=1925817 or http://dx.doi.org/10.2139/ssrn.1925817

William P. Fisher (Contact Author)

University of California, Berkeley - BEAR Center ( email )

Berkeley, CA 94704
United States

HOME PAGE: http://www.LivingCapitalMetrics.com

A. Jackson Stenner

MetaMetrics, Inc. ( email )

1000 Park Forty Plaza Drive
Suite 120
Durham, NC 27713
United States

HOME PAGE: http://www.lexile.com

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