
The Economic Value of Creative Mental Labor
Economic Growth and the Labor Theory of Value
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Economic Value of Creative Mental Labor
Economic Growth and the Labor Theory of Value
About this book
This book examines the role of creative mental labor in determining long-term economic growth, production costs, and product pricing. By redefining theories of value-price and growth in relation to creative mental labor, it acknowledges the role of human talent and skill in the creation of new technologies, productions, and productions methods, and highlights the impact this has on supply and demand dynamics. Traditional and neoclassical notions of human capital are challenged to present a new theory of growth that is more aligned with real life economics.
This book reevaluates ideas of economic growth by contextualising technological advancement and sustainable long-term economic growth within ideas of creative mental labor and skilled mental labor. It will be of interest to students and researchers working on labour economics.
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Information
Table of contents
- Cover
- Front Matter
- 1. Introduction
- 2. The Missing Component in Long-term Growth Theory, CML
- 3. Long-Term Economic Growth
- 4. Productivity Increase = Economic Growth
- 5. Productivity Increase (Growth) in the Service Sector
- 6. Firms that “Only Produce Technologies” and Global Growth
- 7. The Plunder of SML and Growth in LDCs
- Back Matter