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Quality of an innovation and its efficiency depend in a decisive way on quality and degree of novelty of the knowledge that is been its basis. New knowledge, such as the discovery of electricity, the managed nuclear reaction, the creation of electronic computers, the mean transition of mankind to the qualitatively new step in development. The new knowledge is equivalent to new economy of knowledge to power, material and labor costs, directly allowing replacing them with knowledge how it is possible to gain the same or bigger effect at the same or smaller costs of energy, materials and live human labor. In the economy of knowledge, the corporate and national wealth depends on accumulation and use of the knowledge making the main cost of intellectual capital. Despite a set of determinations and classifications of intellectual capital, most of the authors adheres to that point of view, that the intellectual capital includes human capital and the structural capital. DOI: 10.5901/mjss.2015.v6n3s6p283

The Intellectual and Educational Resources as an Institutional Factor of Innovative Economy Formation