ENGLISH

The Economic Value of Creative Mental Labor: Economic Growth and the Labor Theory of Value

By Hasan Gürak

Book information

Publisher
Palgrave Macmillan
Year
2024
ISBN
3031701097, 9783031701092
Language
english
Format
PDF
Filesize
3 MB (3444515 bytes)
Pages
134\126
Orientation
portrait
Paginated
yes
Scanned
no
Time added
2024-11-23 23:43:53

Description

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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