The social knowledge system (Holzner et al., this volume) offers perspectives not found in most economic approaches to science and technology. Although little of the content of the social knowledge system is found in mainstream neoclassical microeconomics, the social knowledge system has closer intellectual ties to the emerging economics of institutional innovation, including the growing emphasis on university-industry-government partnerships in the performance of various knowledge functions. The knowledge systems accounting scheme augments the way economists working in different traditions conceptualize and describe processes of R&D, helping both to enlarge the scope and relevance of conventional science indicators and to create new indicators, which may account for such impact-mediating structures as university-industry-government partnerships.
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