[Irtalk] The impossible development: Buying access to knowledge |

Hilton Gibson hilton.gibson at gmail.com
Wed Apr 8 11:07:28 SAST 2015

The reason for this curbed development opportunity through hampered access
lies in a broader malfunctioning management of the world’s most basic
resource – knowledge.

Knowledge is identified as a global public good due to its non-rivalry and
non-excludability attributes. Theoretically, one individual’s consumption
of knowledge does not discount other agents’ consumption of it. Yet, the
malfunctioning management of knowledge has shifted its nature to become
closer to private good characteristics due to potential excludability. *Because
of possible appropriation of returns to knowledge by its producers, in his
paper Knowledge as a Global Public Good, economist Joseph Stiglitz often
refers to knowledge as an “impure” public good. *

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