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11 - Understanding Different Qualities of the Knowledge Commons in Contemporary Cities

Published online by Cambridge University Press:  09 December 2021

By
Youn Sun Won  and
Arjo Klamer
Edited by
Erwin Dekker  and
Pavel Kuchař
Erwin Dekker
Affiliation:
Mercatus Center, George Mason University, Virginia
Pavel Kuchař
Affiliation:
King's College London
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Summary

For the last ten years many (local) policy makers and entrepreneurs have been fascinated with the economic potential of so-called creative industries and smart cities. This fascination was stirred by the conviction that creativity boosts the (local) economy. And because the urban economy is good for 70 percent of global GDP, and as more than half of the total world’s population lives in cities, creative industries are all the more relevant both socially and economically. This chapter explores a new approach to making sense of social and cultural qualities of cities in the new economy. This is the so-called Value based approach (VBA) with novel concepts, such as shared goods and practices, willingness-to-contribute (WTC) (Klamer, 2016), and, a key notion in our application, a commons, more precisely, the knowledge commons.

Keywords

QualitiesShared goodsWillingness-to-contributeCities
Type
Chapter
Information
Governing Markets as Knowledge Commons , pp. 256 - 276
Publisher: Cambridge University Press
Print publication year: 2021

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