Generalizing Productivity and Service Stake. A Heterodox Widened Approach

Jivan Alexandru and Miruna Nachescu

Journal of Heterodox Economics, 2017, vol. 4, issue 2, 81-118

Abstract: The aim of the present paper is to put together, point out and underline the core characteristics of a generalized concept of productivity built on a heterodox outlook. The analysis is conducted under the assumption that the developing knowledge in nowadays society and the concern for basing the economy on it require a reviewed approach on productivity. Relevant moments from the economic thought and literature are invoked(certain approaches on productivity from the most representative Romanian economic thought here included); the research finds reason and main conceptual grounds in the genuine liberalism and in the service economy, by a critical view on the concern for productivity growth as commonly seen and calculated. The paper also aims to bring to the current attention some pioneer work, less known but very important for the productivity mark. The paper develops the service stake as defining value creation and reveals the most important differences between common productivity (usually calculated productivity) and the new approach that takes into account the generalized service approach consistent with nowadays society.This paper is a theoretical presentation designed to serve as an improved context for reconsidering the researches focused on – or connected with – productivity.

Keywords: productivity; service economy; knowledge society; value creation (search for similar items in EconPapers)
JEL-codes: A19 L80 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:joheec:v:4:y:2017:i:2:p:81-118:n:2

DOI: 10.1515/jheec-2017-0005

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