Part of a series on
Economics
Branches and classifications
Concepts, theory and techniques
By application
Notable economists
Lists

The computational knowledge economy is an economy 'where value is derived from the automated generation of knowledge.

The term was coined by Conrad Wolfram[1] to describe the extension to the knowledge economy caused by ubiquitous access to automated computation. Wolfram argues "The value- chain of knowledge is shifting. The question is not whether you have knowledge but know how to compute new knowledge from it, almost always applying computing power to help."[2]

Impact on education

It has been argued[3] that the skills needed by the computational knowledge economy are radically different, needing an emphasis on coding, math and computational thinking.[4] In his book Education in the Creative Economy ISBN 978-1433107443 Daniel Araya has argued that "as this "computational knowledge economy expands and matures, it is facilitating deep structural changes in the U.S. labor force"[5]

Projects such as Computer-Based Math are attempting to rethink school curricula to prepare for the computational knowledge economy [6]

See also

References

  1. ^ Conrad Wolfram. "Driving towards the Computational Knowledge Economy" (PDF). Wolfram.com. Archived from the original (PDF) on 2016-10-27. Retrieved 2016-12-21.
  2. ^ Conrad Wolfram. "Thinking Forward". Ldm.sagepub.com. Retrieved 2016-12-21.
  3. ^ Jacobs, Frank. "Reinventing Math for the Computational Knowledge Economy". Big Think. Retrieved 2016-12-21.
  4. ^ "Thinking Forward: Conrad Wolfram on the Computational Knowledge Economy". HASTAC. Retrieved 2016-12-21.
  5. ^ Daniel Araya (2016-01-11). "Education and underemployment in the age of machine intelligence | Brookings Institution". Brookings.edu. Retrieved 2016-12-21.
  6. ^ "Fundamentally Reforming Maths Curriculum with Computer-Based Maths". Computerbasedmath.org. Retrieved 2016-12-21.
Category