The designation is called a “knowledge economy” by Marc Zuckerberg.
https://youtu.be/BUWmyGBEfVc – Mark Zuckerberg: ‘I’m Pro-Knowledge Economy’
The use of positivism was explored in the early part of the last century with the original technocratic view.
This includes the reasons for reservations coming from system compliments, including cognitive dissonance and biases. It is naive to approach informational constraints in confirming and not informing the economy.
Also, Big Data is capable of affirming the possibility of this dual system approach, and cliodynamically, the tertiary elements of a traditional technocracy.
https://youtu.be/Uk8x3V-sUgU – RSA Animate – The Internet in Society
Without these being used in conjunction, I argue, the the economy will not fulfill a rational goal. This kind of view goes into a deontological, not utilitarian, ethic. These serve to implement a metaphysics driven by empirical design. Without it the outcome is much like the Argentina experiment in democracy.
https://youtu.be/NXfYNdapq3Q – Pia Mancini: How to upgrade democracy