Abstract
The paper analyses the problem related to dispersion and substantial unconsciousness of the knowledge necessary for actions and decisions to coordinate within the economy at best. By the approach of the Austrian school of economics insights on various features of economic activity are exposed, which show the opportunity to realise a knowledge economy within the framework of a new free market experiment; as a consequence, governments must focus on how to improve the diffusion of existing knowledge instead of achieving their preferred industrial structure. Developments of information and communication technologies in emerging economies, especially the African ones, are here exposed as the perfect example of how some infrastructural deficiencies can be overcome by information and communication technologies; the current African renaissance therefore offers a real chance to implement knowledge economy prescriptions.
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