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Tacit Knowledge, Scientific Research and Economic Development

Tacit Knowledge, Scientific Research and Economic Development

Journal of Economic Regulation, , Vol. 7 (no. 1),

Social sciences are considering real society, to deliver knowledge to understand the socio-economic reality and development of socio-economic systems. Tacit knowledge and local differences exist. Therefore, the domestic research is important. Their objective is the analysis and understanding of the Russian economy and society. The issue of economic development requires the consideration of: knowledge and technology; institutional structure; ideas, beliefs; method of interaction of science and society; tacit knowledge. The value of tacit knowledge is the ability to accumulate information, which is the source and the result of the economic and social exchanges. It is impossible to distinguish tacit knowledge in a separate factor of economic development. Firstly, it is inarticulate. Secondly, any free interaction involves the creation and use of tacit knowledge. Third, tacit knowledge is always locally that does not allow the use of tacit knowledge in a separation from environment in which it was created.

Keywords: tacit knowledge; scientific research; economic development; institutional economics; education.

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