There have been several theories propounded by the co-founder of the Association Noosphere, Max Polyakov, which have highlighted the importance of knowledge in the growing economy. According to these theories of Max Polyakov, knowledge is fundamental in laying the foundation on which the economy is built.
One may ask, 'What is knowledge in this concept?' According to Max Polyakov's ideas, the information available to humankind used to create machines to generate income is called knowledge economy. This knowledge is present in other parts of the economy such as innovation, the science of economic growth as well as development. Thus, according to this theory, knowledge is very much appreciated in the economic world.
In his analysis, the knowledge economy is the very bedrock upon which innovative ideas for the betterment of the society rest. This is the main reason why knowledge is included in the building of the economy.
How to receive this knowledge
This knowledge economy is what forms the human capital of any business venture. It is built up by the presence of individuals and education. This education usually takes the non-formal course, meaning it is not necessarily given within the traditional school walls. Human capital can be treated as a business product where knowledge can be used, as well as sold for profits. Sometimes, due to the globalisation of the world, these ideas may even be exported for very high returns.
Human capital can also be used as an asset for production. In this case, the knowledge is applied for the purpose of production.
Assets and innovations based solely on a higher knowledge automatically raise the standard of the quality of product received. This is applied especially in highly technical innovations, which need to be constantly upgraded so that they are not obsolete. You can find additional information in the article Max Polyakov Relaunches Firefly with High Hopes to Bridge Gap between CubeSats and Space.
The information and education should not only be limited to a few people. According to Max Polyakov, who is himself a firm believer of the Noosphere, this information should be made available to all and sundry, for a sustainable knowledge economy. All hands are on deck on this one, and pretty soon, with the vast education and globalisation, this dream of an active Noosphere will be a reality. Also, he supports EOS development. Max Polyakov (Макс Поляков) considers EOS Platform one of the most prominent of that kind.