03209nam a22005175i 4500 978-3-031-70110-8 DE-He213 20251030113245.0 cr nn 008mamaa 241025s2024 sz | s |||| 0|eng d 9783031701108 978-3-031-70110-8 10.1007/978-3-031-70110-8 doi HD4801-8943 KCF bicssc BUS038000 bisacsh KCF thema Gürak, Hasan. author. aut http://id.loc.gov/vocabulary/relators/aut 86583 The Economic Value of Creative Mental Labor [electronic resource] : Economic Growth and the Labor Theory of Value / by Hasan Gürak. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Palgrave Macmillan, 2024. XI, 123 p. 6 illus. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda 1. Introduction: Creative mental labour and skilled mental labor -- 2. The Missing Component in Long-term Growth Theory -- 3. Long-term economic growth -- 4. Productivity increase and economic growth -- 5. Productivity increase (growth) in the service sector -- 6. Firms that “only produce technologies” and global growth -- 7. The plunder of skilled mental labor and growth in less developed countries -- 8. An alternative value/price theory based on creative mental labor. 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. Hasan Gürak is a Research Fellow at Lund University. Labor economics. Economic development. 58075 Industrial policy. 69808 Labor Economics. Economic Growth. 58347 Regulation and Industrial Policy. 69809 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031701092 Printed edition: 9783031701115 Printed edition: 9783031701122 https://doi.org/10.1007/978-3-031-70110-8 ZDB-2-ECF ZDB-2-SXEF 64479 64479