The knowledge economy and innovation: certain uncertainty and the risk economy

The knowledge economy is a dominant force in today's world, and innovation policy and national systems of innovation are central to it. In this article, we draw on different sociological and economic theories of risk to engage critically with innovation policy and national systems of innovation. Beck's understanding of a risk society, Schumpeter's innovation thesis, and Perez's techno-economic paradigm are used to consider the risk economy, and the broader risk implications of knowledge economy policies and their associated innovation systems. Derrida's theory of haunting provides the methodological framework for our discussion. We use his notion of “hauntology” to conceptualize the risk economy as a ghost that haunts knowledge economy policies and systems. The spectral risk economy draws attention to the inherent instability of the knowledge economy, and challenges the certainty of its economic dogma by offering an alternative perspective. The risk economy problematizes knowledge economy policies and systems by revealing the uncertain and “undecidable” future of social, political and cultural hazards ignored in the interest of commercial gain.

Solar aided power generation from coal fired power stations: THERMSOLV software

Although the thermodynamic advantages of using solar energy to replace the bleed off steam in the regeneration system of Rankine cycle coal fired power stations has been proven theoretically, the practical techno/economic feasibility of the concept has yet to be confirmed relative to real power station applications. To investigate this concept further, a computer modelling software “THERMSOLV” was developed by Deakin University researchers, together with the support of the Victorian power industry and Australian Research Council (ARC). This newly developed software simulates the steam cycle to assess the techno/economic merit of the solar aided concept for various power station structures, locations and local electricity market conditions. Two case studies, one in Victoria Australia and one in Yunnan Province, China, have been carried out to show the application of the software. This paper reports the structure and functions of the software, and the results of the two case studies.

Dystopian visions of global capitalism : Philip Reeve's Mortal Engines and M. T. Anderson's Feed

This article examines Philip Reeve’s novel for children, Mortal Engines, and M.T. Anderson’s young adult novel, Feed, by assessing these dystopias as prototypical texts of what Ulrich Beck calls risk society. Through their visions of a fictional future, the two narratives explore the hazards created by contemporary techno-economic progress, predatory global politics and capitalist excesses of consumption. They implicitly pose the question: “In the absence of a happy ending for western civilisation, what kind of children can survive in dystopia?”

'Creative destruction': knowledge economy policy and the future of arts and humanities in the academy

Policy conceptualizations of the global knowledge economy have led to the channelling of much Higher Education and Research and Development funding into the priority areas of science and technology. Among other things, this diversion of funding calls into question the future of traditional humanities and creative arts faculties. How these faculties, and the disciplines within them, might reconfigure themselves for the knowledge economy is, therefore, a question of great importance, although one that as yet has not been adequately answered. This paper explores some of the reasons for this by looking at how innovation in the knowledge economy is typically theorized. It takes one policy trajectory informing Australia's key innovation statement as an example. It argues that, insofar as the formation of this knowledge economy policy has been informed by a techno-economic paradigm, it works to preclude many humanities and creative arts disciplines. This paper, therefore, looks at how an alternative theorization of the knowledge economy might offer a more robust framework from within which to develop humanities and creative arts Higher Education and Research policy in the knowledge economy, both in Australia and internationally.
1 This article draws on the Australian Research Council project, Knowledge/economy/society: a sociological study of an education policy discourse in Australia in globalising circumstances, being conducted by Jane Kenway, Elizabeth Bullen and Simon Robb. This 3-year project looks at how understandings of the knowledge economy and knowledge society inform current education policy and, in turn, how this policy translates into educational practice. The methodology includes policy analysis, interviews with policy makers in government, and supranational organizations. It also includes cameo studies of innovative educational practice, two of which we draw on here.

Secrecy and illusion : Second Life and the construction of unreality

This paper analyses the main Second Life Grid-an Internet-based business platform with dynamic social, techno-economic, sensual-aesthetic, and psychological complexities-as an example of public relations. It argues that Second Life is a more subversive, politically oriented, and powerful form of public relations, because it invisibly exploits and invades the process of the formation of public opinion. The paper argues that Australian organisations such as Telstra, the Australian Broadcasting Corporation (ABC), and the Australian Film Television and Radio School (AFTRS), which lend Second Life credibility through their recruitment, need to ask critical questions about the ethical implications of promoting this market-driven cyber-illusion. The paper begins by defining public relations (Habermas, 1995, 1984, 1989; Gramsci in Storey, 2006) and investigating any links between public relations and Second Life. In particular, it investigates Second Life's defining claim that it is 'imagined, created and owned by its residents', and concludes with a series of questions that organisations seeking involvement in Second Life should consider as part of their decision-making.

Utilising solar energy within conventional coal fired power stations

Although the thermodynamic advantages of using solar energy to replace the bled off steam in the regeneration system of Rankine cycle coal fired power stations has been proven theoretically, the practical techno/economic feasibility of the concept has yet to be confirmed relative to real power station applications. To investigate this concept further, computer modelling software “THERMSOLV” was specifically developed for this project at Deakin University, together with the support of the Victorian power industry and Australian Research Council (ARC). This newly developed software simulates the steam cycle to assess the techno/economic merit of the solar aided concept for various power station structures, locations and local electricity market conditions. Two case studies, one in Victoria Australia and one in Yunnan Province, China, have been carried out with the software. Chapter one of this thesis defines the aims and scope of this study. Chapter two details the literature search in the related areas for this study. The thermodynamic concept of solar aid power generation technology has been described in chapter three. In addition, thermodynamic analysis i.e. exergy/availability has been described in this chapter. The “Thermosolv” software developed in this study is detailed in chapter four with its structure, functions and operation manual included. In chapter five the outcomes of two case studies using the “Thermosolv” software are presented, with discussions and conclusions about the study in chapters 6 and 7 respectfully. The relevant recommendations are then made in chapter eight.

The knowledge economy, the techno-preneur and the problematic future of the university

Knowledge economy policies are currently very powerful drivers of change in contemporary university approaches to research. They typically orientate universities to a national innovation system which both positions knowledge as the key factor of economic growth and sees the main purpose of knowledge as contributing to such growth. In this article, the authors explain the economic logic informing such policy interventions in university research and look at the conceptualisation of national innovation systems in various national and international policy sites around the world. Their interest is in what these particular sets of policies have in common, not in how they differ. They introduce three key themes of such systems and the academics they seek to produce. These themes are their techno-scientific orientation, network characteristics and commercial imperatives. The corresponding implied subjects are the techno-scientist, the knowledge networker and the entrepreneur. The authors make the case that evident in such constructions of the future of universities are some unacknowledged and under-acknowledged problems, one of which is a failure to recognise the power of the gift economies of academic culture.