Knowledge and Labor Theories of Value: Can they be Reconciled?

Stephen Jaros
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Stephen Jaros: Department of Management, Marketing and E-Business, Southern University, Baton Rouge, Louisiana 70813, USA

Chapter 19 in Handbook of Information Technology in Organizations and Electronic Markets, 2007, pp 395-414 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionHas Knowledge Replaced Labor as the Loci of Value?Evidence for the ascendance of knowledge and ICT processes as a source of valueEvidence against the notion that knowledge/learning processes have become the loci of value creationKnowledge and labor in the “labor” (production) processReconciling Knowledge and Labor Theories of ValueLinkages between labor and knowledge in value-creation processes in labor processesValue = “socially necessary” inputs to production, assessed by costEmpirical Verification of Relative Contributions of Knowledge and Labor to ValueKnowledge and labor costsCosting difficulties of informal knowledge management and learning processesPolitical ImplicationsImplications for Marxian notions of “exploitation”Implications for the politics of Jacques's KTVReferences

Keywords: Information Technology; Electronic Markets; Strategic Information Systems; Knowledge Management; Organizational Innovation (search for similar items in EconPapers)
Date: 2007
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