subject: What does the modern theory of labor value mean? part 2 [print this page] Individual wages, in contrast to exchange-value and total wages, is a subjective value. This social sharing the cost of labor through wages is a manifestation of the social character of labor and socially necessary act. Wages are formed out of the market, iteratively based on the economic empowerment of society through legislative and other legal acts and the fiscal and tax policy. In this uncontrolled formation of the society of individual wages from the act of social justice can turn into an act of injustice.
Thus, the modern theory of value for the first time in economic science has formulated the principle of wage formation: the salary of any member of social work is a social individual remuneration, based on the public to (total labor cost equal to the value created by goods and services) and public interest work.
The total salary of all participants of the economy should be equal to the total cost of labor.
Based on the open A. Smith, the conservation value of the modern theory of value reveals the contents of a new economic concept - Intellectual rents.
The cost of labor that mankind has spent thousands of years of civilization to the creation of human knowledge as unchanging as the cost of labor, who spent a year all the people who are now employed in the economy. The difference is that the latter work is the difficulty of living people, and therefore must be paid, because determines their existence, while the labor of past generations did not require payment. But as the results of this work, we always use in his work, he spoke to us in the form of intellectual rent. It is free for us is the result of any type of work paid labor of past generations of people. This, unfortunately, do not understand and do not take into account the results of social labor nor economists nor politicians, nor any other of our contemporaries, who in their lives owe much of this past work. How to take into account the intellectual rents in the modern economy in detail in ITE, but we'll leave this outside the scope of the complex issues associated with knowledge of modern information theory.
I must say, and that open Emerson, the source of surplus value today sometimes correctly identify energy rents, because the use of natural energy in the process of labor can earn an income that does not depend on the cost of their own human labor. However, the official theory of the economy such rental income is still not "legalized". Not defined in the formal science of economics and mechanism of this rent, the methodology for its measurement and use.
If we consider also the presence of known natural rent of land in the form of fruit, minerals and energy, it becomes clear that modern humanity - a rentier, whose wealth is based on three types of annuity - the natural, energetic and intelligent! Therefore, the new economy rejected the previous centuries of economists' claims that economic development rests on economic components such as land, labor and capital, and argues that the basis for the welfare of any state, regardless of its economic and political system is its ability to obtain public social income through three types of rent - the intellectual, power and natural.
Thus, the modern theory of value is the value of a complete theory of Adam Smith, the base of which lies the modern understanding of human labor. Dualism of the labor associated with a universal dualism of energy and information allows us to scientifically substantiate the two types of value of Adam Smith, the four cost of the law, the principle of wage formation and rental character of human labor, leading to an incoherent nature of the whole economic system.
However, the theory of value - is only part of economic theory, while important, fundamental part.
A. Smith has created not only the theory of value, but also tried on this basis to formulate the remaining provisions of economic science.
Thus, in studying on the basis of his theory of value, the mechanism of commodity exchange, Adam Smith is far advanced in the understanding of his work, but could not find some kind of acting in its objective "force", which manages the process of economic exchange. This "force", he called the "invisible hand".
This is understandable - at the time of Adam Smith did not exist control theory. Today, a specialist in control theory, do not hesitate to say: it is not the power, and the information, because if it comes to managing, then the function can only be managed information.
As a science theory of management appeared only in the middle of XX century, thanks to the work of Wiener. This theory he called cybernetics. In Wiener's important in any kind of control - is the information it determines management in any system of governance. But in its final form the general theory of information appeared only 90 years of last century (http://prvinform.narod.ru) in Russia. Not surprisingly, it is in Russia and there was information theory of economics.
So, the cost, from the perspective of modern management theory, it is the very specific economic information, which performs certain control functions in the economy as a system of governance.
"The invisible hand of Adam Smith - is translated into modern language a system of economic management on the basis of the value of information! But since value, as argued by Adam Smith, is transformed into a natural price in the commodity exchange market, the "invisible hand" operates exactly the process of formation of natural prices. This control system pricing in the commodity exchange is the "market mechanism".
With the new understanding of the value is easy to guess that the "invisible hand" of Adam Smith is nothing but a "hand" of energy! Energy and today remains invisible, despite the fact that the very existence of people is impossible without its use.
How does this mechanism and we have to understand.
However, to reduce the diversity of economic processes in the modern economic system to market mechanisms can only he who does not understand that the economy - a complex multifunctional system of governance. This provision is detailed in ITE, we also consider only the most general conclusions ITE, without which further consideration of the market mechanism is impossible.
What does the modern theory of labor value mean? part 2
