Getting to know the knowledge economy: ICTs, networks and governance

Do we live in a new information-based networked economy? This is the underlying issue raised in this article. Confronting the claims made that such an economy is in the making provides the opportunity to discuss some ideas about the reconfiguration of knowledge that the interaction of ICTs with networks is providing. The extent and importance of ICTs is analysed and their potential impact on the evolution of economic activity investigated. The question of how to 'govern' these interactions is also broached. Perhaps somewhat paradoxically, a key argument made is that the advent of ICTs is pressing networks into a deeper engagement with tacit knowledge and the reappraisal of the virtues of craft production.