By Jenny Andersson
ISBN-10: 0804762635
ISBN-13: 9780804762632
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Additional info for The Library and the Workshop: Social Democracy and Capitalism in the Knowledge Age
Sample text
The notion of partnership draws on the quintessentially Third Way claim that the new economy challenges both the old Left’s and the New Right’s understanding of the boundaries between market and state. The old Left, or so the New Labour story goes, thought that it could steer innovation and change and did not real- The Political Economy of Knowledge 37 ize the individualism and private nature of creativity and entrepreneurship, while neoliberalism with its atomistic theory of economic man and free market did not see the fundamental social logic of processes such as learning and creativity.
Processes of social democratic revisionism have, to a large extent, been about new definitions of what capital is and of how capitalist value is created. Social democratic growth discourses have always been concerned with the rationalization and utilization of labor. In the Keynesian era, social democracy was concerned with manpower and labor resources. In the knowledge era, it is concerned with the rationalization of the human capital of the skills revolution and with exploiting the intellectual resources that drive a knowledge-based economy.
1 This understanding of knowledge as a kind of capital within people leads to the creation of new means of economic governance to bring it out. Social policies, education policies, and cultural policies have, thus, become part of modern growth strategies. In this process, somewhat paradoxically, the parameters of state intervention in the age of globalization become, if anything, larger, as virtually everything becomes the object of economic policies. As Alan Finlayson has pointed out, the economy, in New Labour thinking, is almost omnipresent.
The Library and the Workshop: Social Democracy and Capitalism in the Knowledge Age by Jenny Andersson
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