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The Economic Value of Creative Mental Labor : Economic Growth and the Labor Theory of Value - 2024 ed.

By: (Author) Hasan Gurak

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Ksh 6,300.00

Format: Hardback or Cased Book

ISBN-10: 3031701097

ISBN-13: 9783031701092

Edition: 2024 ed.

Publisher: Springer International Publishing AG

Imprint: Palgrave Macmillan

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Oct 25th, 2024

Print length: 123 Pages

Product Classification: Economics of industrial organisation
Labour economics
Economic growth

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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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