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The Scientific Recognition and Development of the Theory of Labor Yalue——On Establishing "the New Labor Theory of Value

En Cheng

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Abstract

The paper expounds that development of the theory of labor value is important and significantIt puts forward that we should correct some misunderstanding about the theory of labor value which was created by MarxIt advocates establishing one kind of new labor theory of valueIt is cosisdered in the paper that we can's take service labor of whole third property as productive labor of creating value, and is emphasized in the same paper that science and technology can't create value without labor, but the management labor of owners of productive enterprises can create value Finally, the question of whether ineffective labor,harmful labor or unlawful labor creates value has been answered

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The paper expounds that development of the theory of labor value is important and significantIt puts forward that we should correct some misunderstanding about the theory of labor value which was created by MarxIt advocates establishing one kind of new labor theory of valueIt is cosisdered in the paper that we can's take service labor of whole third property as productive labor of creating value, and is emphasized in the same paper that science and technology can't create value without labor, but the management labor of owners of productive enterprises can create value Finally, the question of whether ineffective labor,harmful labor or unlawful labor creates value has been answered

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Available abstract

The paper expounds that development of the theory of labor value is important and significantIt puts forward that we should correct some misunderstanding about the theory of labor value which was created by MarxIt advocates establishing one kind of new labor theory of valueIt is cosisdered in the paper that we can's take service labor of whole third property as productive labor of creating value, and is emphasized in the same paper that science and technology can't create value without labor, but the management labor of owners of productive enterprises can create value Finally, the question of whether ineffective labor,harmful labor or unlawful labor creates value has been answered

Key concepts: Value (mathematics), Labor theory of value, Labor relations, Economics, Personnel economics, Labour economics, Labor disputes, Service (business)

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