[321] Knowledge and its accumulation are the origin and purpose of both technical and insitutional change. Knowledge is simultaneously used to create institutional norms and technology. This dual action on the part of Knowledge, upward within the institutional framework and downward in the form of technological change, defines our theoretical framework for the analysis of the economy. Economic growth is constrained as much by the action of technological forces as by institutional forces and a society's growth and progress depend on its ability to adapt and change.