The Economic Value of Creative Mental Labor: Economic Growth and the Labor Theory of Value

Contents
List of Tables
Chapter 1: Introduction
	The Purpose of the Book
	The Labor of the Laborer
	Unskilled Laborer vs. Skilled Laborer
	New Concepts (CML and SML) and a New Paradigm
	The Sine Qua Non Componant of Long-Term Growth, CML
	Why is Human Capital (H) Considered Obsolete?
	The Plan of Study
	The Concepts of Creativity, Mental Activity, and Mental Objects
	Appendix
		“Productive” Factors and “Production” Factors
			Productive Factors
			Production Factors
	Bibliography
Chapter 2: The Missing Component in Long-term Growth Theory, CML
	Introduction
	Human “capital”?
	The Purpose
	Creative Industry or Creative Economy
	A Vital Component Missing in the Analysis
	Introducing “Creative” Mental Labor, CML
	“CML” Differs from the “SML”
	Final Remarks
Chapter 3: Long-Term Economic Growth
	Introduction
	The Purpose
	New Products and New Methods of Production
	New Products
	The Genesis of Growth
	A Simple “Alternative” Growth Model Based on CML
	Initial Case
		A Simple Output, Exchange, and Distribution Model
		A Simple “Short & Medium”-Term Growth Model
			A Given Product but a New Production Method
			Assuming Access to a “New” (Additional) Market
			A Simple “Long-Run” Growth Model: “New” Product
			“New Markets” for the “New Product”
			Lessons to Be Drawn from the Simple Growth Models
			On Short- and Medium-Term Growth in Actual Markets
	Conclusions
	Appendix
		Different Types of Technological Changes
	Bibliography
Chapter 4: Productivity Increase = Economic Growth
	Introduction
	A Brief Historical Perspective
	The Purpose
	On Technology
	On Productivity
	Productivity Increase (= Economic Growth)
	Efficiency Increase and Technological Increase
		Selected Types of Efficiency Increase
		Technological Productivity Increase
	On A Value–Price Theory Based on Productivity
	Concluding Remarks
	Appendix
		Technological Productivity Increase (Growth)
		New Product
		New Product, “Monopoly,” and Profit Rate
	Bibliography
Chapter 5: Productivity Increase (Growth) in  the Service Sector
	Introduction
	The Difference between a Commodity and a Service
	The Growing Significance of the Service Sector
	International Trade in the Services Sector
	Productivity Analysis in the Services Sector
	“Productivity Increase” in the Services Sector
	How to Measure Productivity?
	How to Measure Productivity Increase?
	Quality and Productivity
	Concluding Remarks
	Bibliography
Chapter 6: Firms that “Only Produce Technologies” and Global Growth
	Introduction
	A Way Out
		GESITS: Firms that “Only Produce Technology”
	Concluding Remarks
	Appendix 1
		Global Value Chains (GVCs)
	Appendix 2
		Comparison of Profitability
	Bibliography
Chapter 7: The Plunder of SML and Growth in LDCs
	Introduction
	Cost of Enhancing Skills in LDCs
	The Migration Problem
	Draining Highly Skilled Brains
	Positive Aspects of Brain Drain
	Negative Aspects of Brain Drain
	What Should be Done or What Can Be Done?
	Conclusions
	Appendix
		Brain Drain
	Bibliography
Final Remarks
Bibliography
Index