The Social Dimension of the Learning Economy

DRUID WORKING PAPER NO. 96-1

29 Pages Posted: 10 Sep 1997

See all articles by Bengt-Ake Lundvall

Bengt-Ake Lundvall

Aalborg University - Faculty of Social Sciences

Date Written: April 1996

Abstract

This paper is a slightly revised version of Bengt-Ake Lundvall's Inaugural Lecture, the 10th of November at Department for Business Studies, Aalborg University. The general message is that the growing frequency of so-called paradoxes in economic theory and of unsolved socioeconomic problems reflects that neither economic theory nor policy has been adapted to the fact that we have entered a new phase: the 'Learning Economy'. It is shown that in the learning economy the capacity to learn increasingly determines the relative position of individuals, firms and national systems. The growing polarisation in the OECD-labour markets is explained by the increasing importance of learning and the acceleration in the rate of change. Finally, it is argued that the learning economy will not be sustainable if these tendencies are not countered by a New New Deal which puts the focus on the distribution of capabilities to learn.

JEL Classification: D83, D84

Suggested Citation

Lundvall, Bengt-Ake, The Social Dimension of the Learning Economy (April 1996). DRUID WORKING PAPER NO. 96-1. Available at SSRN: https://ssrn.com/abstract=66537 or http://dx.doi.org/10.2139/ssrn.66537

Bengt-Ake Lundvall (Contact Author)

Aalborg University - Faculty of Social Sciences

Fibigerstraede 4
Dept. of Business Studies
DK-9100 Aalborg
Denmark
++45 9635 8248/9635 8080 (Phone)
++45 9815 6013/9815 3505 (Fax)

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