Abstract
Economic Development and the Accumulation of Know-how
Highlights
This means that an important implication of the growth of know-how has been ignored
Such know-how can only grow at the society level through increasing specialisation by individuals
In some ways a modern person with a detailed knowledge of an obscure subject cuts a less impressive figure than an Eskimo who knows how to fish and feed himself, how to build his own igloo and generally has all the skills needed to survive in a hostile environment
Summary
This means that an important implication of the growth of know-how has been ignored. It is our brain’s capacity to do things that we are not fully conscious of, and that we do not understand, even conceptually, but we know how to do. Societies acquire the capabilities to make more and more complex products. Capabilities cannot readily be observed but there are methods of measuring complexity and know-how indirectly using trade1 or production2 data.
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