This presentation traces the history and growth of Economics of Knowledge, Information Technology, Globalization, WTO, Knowledge Economy, Knowmatics and Knowledge Industry. it also discusses the long lasting Global Economic Crisis, growing to the extent of the Great Depression II for the failure of the Stimulus Packages of America, China, Europe, India and Brazil and also the failure of Nobel Laureates In Economics and the Business Schools to find out lasting solutions to the Crisis.

1. DR. RAJU M. MATHEW 'S
ORIGINAL RESEARCH WORKS
IN ECONOMICS OF
KNOWLEDGE, KNOWLEDGE
ECONOMY,
KNOWLEDGE THEORIES
AND KNOWMATICS
1979 - 2012

2. ECONOMCS OF KNOWLEDGE: MY
DAYS AT THE UNIVERSITY OF
MADRAS
 After studying Economics in a very serious way at St.
Berchman’s College, Chanaganacherry, Kerala, India
both for my B. A. and M. A. and teaching Economics
at St. Dominic's College, Kanjirapply, Kerala, India, I
joined for my Master’s Degree in Library & Information
Science in 1978.
 Along with Management of Information Systems and
Services and Computer Applications in Libraries, I
started to study on applying Economic Theories and
Principles on Knowledge and Libraries.
 Since there was no computer in Madras University in
1978, my practical classes in Computer Application
were conducted at the Computer Science Department
of the Indian Institute of Technology, Madras. Both the
British Council Library and American Library (USIS
Library) Madras extended their support for us.

3. METHDOLOGICAL
PROBLEMS
 Some of the basic methodological challenges that I
encountered were:
 1. There was no tool to treat knowledge as a
commodity to consume and produce and measure and
categorize knowledge on the basis of quality and
quantity.
 2. Economists had taken no pain to study university
libraries as an enterprise charged with procurement
and delivery of Knowledge for the academic
community.
 3.Libraries were left exclusively for the traditional
librarians who had given more emphasis on
technicalities of university libraries such as
purchase, classification and cataloguing of books
rather than their management or delivery of services.
 4. There was not any model or research work in
applying Economics on a University Library

4. ‘THE BENEFICIAL LIBRARY’
 The British Council Library, Madras had brought
to my attention towards a new research work of
Prof. Gordon Wills and Christina Oldman, ‘The
Beneficial Library’ applying Economics and
Management Principles in a British University
Library. It was an incomplete study, ending with
Literature Survey and a limited Data Analysis.
 That had provoked me to write to Prof. Wills of the
Cranfield Institute of Technology, UK criticizing
the book and also stating about my work. He
wrote me back that he was eager to see the final
outcomes of my work in applying Economics on
Knowledge and a University Library. That had
made me to realize the uniqueness and
importance of my work.

5. KNOWLEDGE FOR CONSUMPTION
AND PRODUCTION
 Even though I sought the help of Professors of
Economics, Management, Philosophy, Mathematics
and Computer Science, nobody was there to help me
resolve the basic methodological problems of treating
Knowledge as a Product for Consumption and
Production and a University Library as a Knowledge
Procurement, Processing and Delivering Unit and a
University as a Knowledge Consumption and
Production Enterprise.
 I was not ready to surrender. After studying the
History of Sciences and Philosophy of Sciences and
observing the academic community in their
knowledge or library use pattern and behavior, finally I
was able to complete my study. However, the Madras
University awarded me a just minimum pass marks
for my dissertation because my work was not in tune
with the tradition of librarians, including Dr. S. R.
Ranganathan, the Father of Library Science in India..

6. ‘LIBRARY RESOURCE
ALLOCATION’
 My set back at the Madras University wounded me a lot,
for I was treated like a traitor or enemy of Library Science
and the conventional wisdom of Librarians in India. As had
been suggested by Prof. Gordon Wills of Cranfield School
of Management, UK, I submitted a complete report about
my work and findings.
 Prof. Wills asked MCB University Press, UK and USA, his
publisher to publish my work and on that basis they
contacted me. They asked me to send the manuscript .In
1979, there was only the old type mechanical typewriter
and even electric or electronic typewriter or personal
computer or internet was not available in India.
 Using my typewriter, I typed the entire text and sent the
manuscript by Air Mail to England. In 1981, it was
published from England and the USA in the form of a book,
‘Library Resource Allocation’ by the MCB University
Press. For their extensive reviews, it became very popular
not only in England and the USA but also in the USSR.

7. THE FATHER OF INFORMATICS
 In 1981, when my book was published, Information
technology was not born. In academic circles, there was not
much distinction between ‘Information’ and ‘Knowledge’ and
Information was taken superior to Knowledge; scientific
community had heavily relayed upon Information and
Indexing Systems.
 My book was prescribed as a reading material for the
Master’s program in Information Management of the
Syracuse University. It was also came to the notice of Prof.
A. I. Mikhalove, the Director of VINITI of the USSR and the
Father of Informatics and the Chairman of the FID
Committee on Research on the Theoretical Basis of
Information Science.
 Prof. Mikhalove nominated me as one of the twelve
members and the youngest member of the FID
Committee, having consultative status with UNESCO.
The Indian Council of Social Science research put me
as the Director of a major Research Project on
Knowledge Management of Universities.

8. DISSENTING DR. ABDUL SALAM
AND MR. ALVIN TOFFLER
 On the basis of my FID Committee membership, in
1984 I got an invitation from the Intergovernmental
Bureau for Informatics, Rome , an autonomous body
created by the UN and the UNESCO, to contribute a
paper for its World Conference on Strategies and
Policies for Informatics for Development.
 In my paper, I criticized Alvin Toffler for his inability to
bring the Third World in his ‘Future Shock’ and
‘Third Wave’ and Prof. Abdul Salam, the Nobel
Laureate in Physics for his ‘Islamic Bomb’, besides
formulating ‘Two Way Flow Principle for Data Flow
between the Industrialized and the Third World
Countries and ‘Theory of Mass Suicidal Mania’ of
the Third World that would lead to Religious
Fundamentalism, Terrorism and greater Military
Expenditure and the New War between the Third
World and Industrialized World. I also proposed
Strategies to Redesign Informatics for Third World

9. OFFICIAL DOCUMENT FOR
REFERENCE
 Quite surprisingly, both Dr. Abdul Salam and Mr.
Alvin Toffler who were made as referees for my
paper, recommend my paper for the Conference
with the status of ‘official document for reference’
and it was translated into eight languages. Since
the University denied me permission to attend the
conference, in my absence it was presented
before the conference attended by over 100
heads of nations.
 Both the Un and UNESCO made over 1000
million dollars under the disposal of the
Intergovernmental Bureau for Informatics to help
the Third World

10. ABORTED INFORMATICS
PROJECT
 Since I was the only contributor from India for the
Conference, I was contacted by IBI to submit a
major project proposal worth minimum $30 million
for Setting Up a Centre in Kerala for Redesigning
Informatics for Development and Global Peace, in
Nov. 1984. The proposal must be routed through
the Government of India with the recommendation
of the Calicut University.
 As the Vice-Chancellor, an IAS officer, was against
such a big project, that too in Informatics, a quite
unknown field for the him and his Professors and
also the members of the University Syndicate
(the Governing Council), I could not proceed with
the Project. Had it been implemented, Kerala
would have been far ahead in Information
Technology.

11. MATHEW’S THEORIES OF
KNOWLEDGE
 In Dec. 1984, Prof. Mikhalove asked me to contribute
a paper for the forthcoming collection of
papers, ‘Theoretical Problems of
Informatics’, developing at least one original theory. I
took it as a challenge for I found that Consumption
and Production of Information or Knowledge and their
interrelationships were the basic problem of
Informatics in the coming years.
 In 1985, the USSR Academy of Sciences published
my two theories : Information Consumption-
Production Correlation and the Stage Theory of
Information Consumption-Production growth for the
FID Committee in Russian and English and
subsequently appeared over eight languages. Now
they are known as Mathew’s Theories of Knowledge
and they have emerged as an area for research.

12. INTERANTIONAL INFORMATION
ECONOMY
 For the World Conference on ‘International
Information Economy’ held in the USA in 1985, on the
basis of a specific invitation, I contributed a
paper, ‘India and International Information
Economy’ and all the contributions were published in
the International Information Economy
Handbook, edited by Russell Pipe, 1985.
 This work is considered as the first work on
Globalization and the role of Information Technology
in shaping globalization. My paper helped the
international community understand the progressive
policies of India to become an Information Economy
under the then Prime Minister, Mr. Rajive Ghandi.

13. GATT, WTO AND TRADE IN
SERVICES
 On the basis of the publication of my paper, ‘India
and International Information Economy’ in the
International Information Economy Handbook, I
was asked to write a paper to express the
concern of the Third World with regard to the
Ministerial Discussion on ‘Trade-in Services’ of
the Uruguay Round of the GATT in Jan 1987, that
paved the way for the formation of the World
Trade Organization.
 The Hindu News paper in its Open Page
published my article, ‘ Time to Exploit the
Potential of the Service Sector’ and Transnational
Data Report (USA) published my paper, ‘Services

14. A TRIBUTE TO THE LATE RAJIVE
GANDHI
 As a result of my various publications, the then Prime
Minister of India, the late Mr. Rajive Gandhi, got
several international references about me in
connection with his ‘Dream for 21st Century India’ and
as a result he contacted me and asked me to send
copies of my papers. He was impressed about them
and even asked to enter into public life rather than
remaining at Calicut University where nobody was
there to understand my works, other than treating me
a rebel or eccentric.
 In fact, Mr. Rajive Gandhi was the only person from
India to appreciate my works. For his sudden demise
due to terrorist or suicidal bomb attack, nobody was
there in India to encourage my works and that was a
shock for me. Then I stopped my research works and
publications, though I turned to the Bible, the Quran
the Vedas and Upanishads, the Buddhist teachings
besides Yoga , Ayurveda and Tribal Medicine.

15. KNOWING KNOWLEDGE
 With the help of my Theories of Knowledge Consumption-
Production, formulated in 1984, I developed a mastery in
learning new disciplines with lesser time and effort for I
found a common structure and method for almost all
domains of knowledge which are built upon a set of core
concepts that are dynamic, non-linear and multi-
dimensional
 Though I engaged in learning, I used to sleep eight hours a
day, besides walking for an hour and meeting people. My
background in Yoga and Tantric helped me master my own
brain power, time and physical power and at the same time
keep me young and dynamic.
 My intensive study of the Scriptures, Vedic
works, including Arthasatra and Kama
Sutra, Yoga, Ayurveda and Tribal Medicine, besides my
background in Economics, Education, Cybernetics, Library
& Information Science, History of Science, Philosophy of
Sciences, Marxism, Fascism, Gandhism and
Terrorism, helped me understand the Nature, Structure
and Representation of Knowledge. I am concerned not in
seeking knowledge, but ‘knowing knowledge’, that makes

16. GUIDING/ SUPERVISING DOCTORAL
RESEARCH
 On the basis of my original works, the new Vice-
Chancellor of the Calicut University, Dr. T. K.
Ravindran made me a research guide /
supervisor, before I was awarded a Ph.D. Degree that
made some teachers organizations to agitate and
make a complaint to the Chancellor who dismissed
their complaints and upheld my doctoral research
guideship.
 Researchers from different universities in Kerala
approached me for doctoral research and we explored
the unexplored areas of knowledge, that is the nature
and structure of knowledge dealt in the
Bible, Quran, the Vedas and
Upanishads, Ayurveda, Tribal Medicine and also on
Information Technology
Applications, Education, Kerala’s Industrial
Development Pattern and so on. In my previous
presentation, I have enlisted the doctoral works that I

17. KNOWLEDGE AND INFORMATION
TECHNOLOGY
 Though Information Technology originated by 1985-87, I
started to make works on Informatics, the earlier version of
Information Technology, as early as 1984, including two
basic theories of Informatics, published from Moscow.
Since then I had been carefully observing the trends of
growth of Information Technology and the growth of ‘dot
com’ companies. In Aug. 2001, I even predicted the IT
Industries and that become true in 2002.
 After realizing the inability of Information Technology in
processing and handling ‘Knowledge’ other than data and
information, making use of my vast knowledge on the
nature and structure of knowledge and my own theories of
Knowledge, on Feb. 9, 2005, I propounded ‘Knowmatics’.
The First Conference on Knowmatics was organized at
Calicut University, without any financial support from the
University, on 27-28 May 2005, in which Dr. A. P. J. Abdul
Kalam, the then President of India had contributed a paper.
Details had been reported in the Hindu News Paper and
also in the Calicut University News, July 2005 issue.

18. KNOWMATICS AND MATHEW’S
THEORIES
 Information Technology Revolution had become a
reality by 1987. Information and Communication
Technologies have pervaded in almost all sectors
and human
activities, Banking, Finance, International Trade
Corporate and Governmental Administration and
so on.
 IT had emerged as a force to determine the fate
of nations as well as business or industrial
enterprises. However, for the inherent
weakness, I T could not enter in ‘Knowledge’
rather than Data or Information. This had made
Mathew to propound ‘Knowmatics’ – Mathematics
and Engineering of Knowledge, as an elaboration
of Mathew’s Theories of Knowledge in 2005.

19. KNOWMATICS - INTERANTIONAL
RECOGNITION
 For the Third World Universities Forum held at
IIT, Mumbai, India in Jan. 2010, I submitted a
paper, ‘Knowmatics- A New Revolution in Higher Education’
, jointly with R.R. Mathew of Random House Pub.
, London, in June 2009. Since the organizers could not find
three referees to assess the paper, it was not presented.
However, by July 2010, they could obtain reports of three
international referees, including UNESCO experts, who
awarded more than 80% marks for the paper.
 The paper was finally presented for the Fourth World
Universities Forum held at Hong Kong, Jan. 14-16, 2011. Its
video presentation has already been posted in YouTube by
the organizers. The paper, published in the Journal of the
World Universities Forum 4,1,2011:1-11, was nominated as a
Finalist for the Intentional Award for Excellence at third
position. The World Universities Forum comes under World
Economics Forum. Hence, Knowmatics has been
recognized internationally. Recently, I proposed ‘ Arab
Knowledge Bank’ and World Knowledge Bank’.

20. THIS IS THE GREAT
DEPRESSION II
 Besides, I have also brought out 15 works on the Global
Economic Crisis, starting from Aug. 2009 in the Market
Oracle (UK) and other publications, including Harvard
Business Review debate. I have been telling that The
Crisis would emerge from Financial Meltdown and
Recession to a Great Depression – The Great
Depression II and last more than 10 years and only
through a Global Strategy ensuring both Inter-Regional
and Inter-Sector Balances, can it be tackled.
 With the American or the European or the Chinese or the
Indian or the Brazilian Stimulus Packages it could not be
solved; even the so called BRICS could not sail long in the
rough waters of the Global Economy; with the wisdom and
data analysis and interpretation skills of the American or
the European Nobel Laureates in Economics and
Management Professors of Harvard or other Business
Schools, it could not solved. What is required is a Global
Strategy of ‘Food, Dignity and Knowledge for All’ to
ensure lasting Peace and Development. An Education

21. THE CONCLUDING
REMARKS
 The very purpose of this presentation is to give
an idea about my last 30 years works on
Knowledge, Informatics, Information
Technology, Knowmatics, Knowledge
Economy, Knowledge Industry and Knowledge
Banks and how to make knowledge accessible to
the entire humanity and thereby empower all men
and women on earth. It is hoped that Academic
Community and IT or Knowledge Professionals
will make use of these works for creating a Global
Knowledge Economy, without repeating the works
that I have conducted so far.
 Dr. Raju M. Mathew