The Privatisation of Knowledge: A New Policy Agenda for Health, Energy, and Data Governance

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Massimo Florio (University of Milan, Italy)

The Privatisation of Knowledge

A New Policy Agenda for Health, Energy, and Data Governance

Massimo Florio (University of Milan, Italy)

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English

Routledge
19 December 2024

Economics of industrial organisation; Political economy; Knowledge management; Production & quality control management; Public ownership & nationalisation

Series: Routledge Studies in Public Economics and Finance

This book deals with the emergence of intellectual monopolies. It explores different ways of producing knowledge, thus showing alternatives to the current dominant paradigm which is based on turning knowledge produced collectively into intangible assets, owned by a few leading corporations. It discusses a paradox: knowledge creation by government-sponsored research infrastructures (RI) or by non-profit institutions, including universities, is increasingly appearing in the form of ""open science"" - ideas and data are widely available in the public domain. However, such knowledge is privatised downstream by new oligopolies. These oligopolies, such as the Tech Giants, are protected by legislation on intellectual property rights that restricts further access to knowledge. This process contributes to increasing social inequality.

The book suggests alternative policy options to counteract this process: the design of new players with a public mission and a coalition of governments as patient investors for the long-term benefit not just of the citizens of one jurisdiction but for creating global public goods. Proposals are presented for launching European R&D infrastructures related to three major long-term challenges: health risks, climate change and Big Data governance. These knowledge-intensive enterprises should offer innovation as a public good, for example in new biomedical fields underinvested by private firms, disruptive ‘green’ technologies, digital platforms based on transparent users’ ownership of data.

Offering a balanced combination of theories and practical applications including interesting case studies, the book will appeal to students, scholars and researchers of public economics and governance. It will also find an audience among policymakers, practitioners and government officials.

By: Massimo Florio (University of Milan Italy)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 344g
ISBN: 9781032464060
ISBN 10: 1032464062
Series: Routledge Studies in Public Economics and Finance
Pages: 173
Publication Date: 19 December 2024
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

Massimo Florio is Professor of Public Economics at the University of Milan, Italy and co-Chair of the Jean Monnet Centre of Excellence on European research and innovation policy.