"Knowledge Policy" illustrates how the production of knowledge has become central to economic life, and that competitiveness in the 21st century market place is characterized by the ability to translate scientific and technological knowledge into innovation. Does this therefore render cultural and social knowledge unimportant? The contributors attempt to answer this and other important questions using a broader epistemological base for the term 'knowledge'. Policy implications are then developed from this perspective. By examining long-term challenges, this unique book explains what we actually mean by the term 'knowledge' and raises fundamental critiques of existing conceptions of knowledge.It argues that fresh policy thinking is needed not only in more obviously knowledge-intensive sectors, but also across all areas of knowledge production. By way of illustration, the effects of the different dynamics of the knowledge era on defence, health, employment, environment, indigenous and international relations, multiculturalism and urban policy are explored. The book then addresses the enduring question of whether it is possible to produce too much knowledge at the expense of wisdom. Providing a thorough treatment on the meaning, production and application of knowledge, this book will provide a fascinating read for academics, researchers, students, practitioners and policymakers with an interest in public policy and knowledge-based economies.