Walter W. Powell Quotes

3 Sourced Quotes

We define the knowledge economy as production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as rapid obsolescence. The key component of a knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources.

Walter W. Powell

Powerfully positioned middlemen extract value by interrupting or distorting information.

Walter W. Powell

When the knowledge base of an industry is both complex and expanding and the sources of expertise are widely dispersed, the locus of innovation will be found in networks of learning, rather than in individual firms.

Walter W. Powell