The idea of "capital" is a central concept of capitalism, the overwhelmingly dominant economic system in the world today.
Q: 2 In the past, people believed that "knowledge is power" and they sometimes used such knowledge to "build empire that resulted in isolated, dysfunctional organizational units. In the new knowledge-sharing environment, illustrate how this tendency to hoard knowledge and expertise could be minimized or eliminated
To me our knowledge of the way things work, in society or in nature, comes trailing clouds of vagueness. Vast ills have followed a belief in certainty, whether historic inevitability, grand diplomatic designs, or extreme views on economic policy. When developing policy with wide effects for an individual or society, caution is needed because we cannot predict the consequences. The development of ways to deal with complex systems is now taking place in many disciplines, but slowly and not without controversy. Complexity theories fell into some disrepute when some management "gurus" tried to map complex adaptive system theories onto business management and market trading strategies - with less than successful results for investors. ...Show more