Introduction to Knowledge Economics Minitrack

Knowledge management deals with managing the creation, modification, storage, distribution and use of knowledge to improve efficiency and effectiveness. Although knowledge management is often associated with organizations, it could be successfully executed at any level: economy, organization, department, community, or individual. Knowledge economics, which is an important subfield of knowledge management, is defined as the financial impact of the creation, modification, storage distribution and use of knowledge. Information Technology (IT), is the principal enabler and catalyst for knowledge management and support economies, organizations and individuals in their knowledge related initiatives.This Minitrack is being offered at this Hawaii International Conference on System Sciences for the fourth time. It features a paper session of three contributions that have all passed the rigorous double-blind peer-review. Through the years, a variety of theoretical approaches towards describing the knowledge economics were presented. Topics covered range from Crowd Capital to a discussion of current trends in the field by analyzing contributions published in this Minitrack.