subject: What does the modern theory of labor value mean? [print this page] The modern theory of value is fully, strictly scientifically confirms the valuation theory of Adam Smith, based on contemporary understanding of human labor, on the fact that any human labor always has two sides: the energy associated with physical activity, and information related to the information or use-side labor.
Relying on a theory developed by Mark Johnson division of labor, the modern theory of value shows that the two types of costs are the result of specific features of the two spheres of social labor.
There are two spheres of social work: scientific - technical sphere, which, based on science, technology, and develop technologies to develop new products and services in the form of information on their manufacture, and the scope of reproduction, which organized the mass production developed in the first field of goods. In science and technology creates a use-value of Adam Smith, or absolute value, as also called for a new economic theory. In the second area, in reproduction, created by an exchange or a relative value, determined by power consumption on the reproduction of goods and services.
The study of human labor in the modern theory of value has allowed to reveal yet another mystery of the economy - the essence of wage formation.
It turned out that the law of conservation value, which acts both in cost of goods and in labor cost for labor cost in the process of commodity exchange is performed only on the aggregate of all social work. With regard to individual labor, he, with the value (which, of course, remains as a component of the total value of social work), has no exchange value and, consequently, the natural price, and prices in general. Value theory shows that wages of people engaged in social work, is transformed according to certain rules of the value of the total social labor in the form of personal remuneration. Wages of workers of different types of labor is regarded by society, depending on the social significance of these types of work and opportunities for the economy. It is formed on the definition of the public rules, which are regulated by the state. This means that wages are not market driven, not a market category, and, consequently, does not exist and the labor market.
Why?
The fact that the cost of labor occurs in the so-called technological cycles of labor. The cycle of work - this is a temporary division of work each person, defined beginning and end of a particular his work. Everyone works in their production cycle of work.
It is clear that the value created in different cycles of work, working at the same time work will be different, because the determined power per worker, or, by definition, G. Emerson, the number of "mechanical servants" working together with the man in the corresponding cycle of work. In each cycle, acts and laws of the cost (the cost of labor and cost of the products of labor) and the law of conservation value and the law of value balance. This means that the cost of labor and the cost of the products of labor are determined by power per worker, which is not a merit of people who work in this cycle Labour. In these circumstances, pay for the cost created by the products of labor would be an act of social injustice.
