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Erschienen in:
2007 | OriginalPaper | Buchkapitel
The Professions as Systems that Support Transactions Involving Knowledge: Their Contribution to Economic Development and their Response to the Growth of Global Markets
verfasst von : Gordon Boyce
Erschienen in: Institutions and Market Economies
Verlag: Palgrave Macmillan UK
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This chapter examines professions as systems that support transactions involving knowledge. With respect to transactions with clients, professional bodies facilitate such exchanges by validating knowledge, creating brands and establishing a price. The associations also rely on network structures to effect exchanges of knowledge and know-how among practitioners, and they operate as communicating nodes when interacting with outside constituents, including other professional groups, governments and regulatory agencies.