Conceptual economy
Conceptual economy is a term describing the contribution of creativity, innovation and design skills to economic competitiveness, especially in the global context.
Alan Greenspan, former chairman of the Federal Reserve Board, recognized the role of conceptual output as early as 1997 in a speech at the University of Connecticut when he said "The growth of the conceptual component of output has brought with it accelerating demands for workers who are equipped not simply with technical know-how, but with the ability to create, analyze, and transform information and to interact effectively with others."
Source: http://en.wikipedia.org/wiki/Conceptual_economy
Alan Greenspan, former chairman of the Federal Reserve Board, recognized the role of conceptual output as early as 1997 in a speech at the University of Connecticut when he said "The growth of the conceptual component of output has brought with it accelerating demands for workers who are equipped not simply with technical know-how, but with the ability to create, analyze, and transform information and to interact effectively with others."
Source: http://en.wikipedia.org/wiki/Conceptual_economy
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