Economic and social relations are undergoing radical change, expressed in such concepts as “knowledge economy,” “weightless economy,” “postindustrial society,”
and “information society.” The literature suggests the arrival of a distinct new factor of production—intellectual capital—replacing or perhaps supplementing land, labor, and capital. We give a historically informed theoretical exposition of capital as the durable result of past production processes, transforming future production while not being transformed itself and associated with a particular economic actor. We then construct a taxonomy of the possible characteristics and location of intellectual
capital in postindustrial production
