Knowing the recipe

A few years ago I was lucky enough to hear Peter Drucker speak on the subject of the Knowledge Economy. He was followed by Stamford economist Paul Romer whose big point was that having the means of production is one thing but having the knowledge required to decide what to do with it meant even more. He characterized it as "having the recipe".

This morning my wife and I came downstairs to discover this:

recipe

My elder daughter Mollie had opened one of her books, which contained a recipe for a fairy picnic and had started making fairy cakes!

What a difference from just a few months ago when she couldn't have read the contents of the book. Now she too can have the recipe.