The market economy as a system of governance #1

Then - an external source of energy, which determines the movement of tools and is a source of energy rents

. In the role of a source of information, which defines intellectual rents, and which operates the instruments of labor, stands a man, used to control human knowledge. Instruments of labor, which in the old economic theories announced a permanent "capital", bringing funkts.shema economy revenue to its owner, in fact, represents an information element that generates intellectual rents, the income from which is neither in the cycle of work, or even in the final product of labor can not be determined. Intellectual rent is determined only by the results of labor society. Thus, the results of work in the technological cycle are determined only by the energy and control information - knowledge, but only measured value.

The market economy as a system of governance #1

By: Chris Taylor

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