IDEAS home Printed from https://ideas.repec.org/a/mes/ijpoec/v46y2017i1p65-89.html
   My bibliography  Save this article

The Information Economy and the Labor Theory of Value

Author

Listed:
  • Christian Fuchs

Abstract

This article discusses aspects of the labor theory of value in the context of the information industries. First, taking the Temporal Single-System Interpretation (TSSI) of Marx’s labor theory of value as methodology, the article calculates economic demographics at the level of socially necessary labor time and prices of an example case. Second, the article questions the assumption that the labor theory of value cannot be applied to the information industries. This article tests this hypothesis with an analysis of the development of labor productivity in six countries. The article concludes that the labor theory of value is an important tool for understanding the information economy and the peculiarities of the information commodity.

Suggested Citation

  • Christian Fuchs, 2017. "The Information Economy and the Labor Theory of Value," International Journal of Political Economy, Taylor & Francis Journals, vol. 46(1), pages 65-89, January.
    • Handle: RePEc:mes:ijpoec:v:46:y:2017:i:1:p:65-89
    DOI: 10.1080/08911916.2017.1310475
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/08911916.2017.1310475
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/08911916.2017.1310475?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Freeman, Alan, 1998. "Time, the value of money and the quantification of value," MPRA Paper 2217, University Library of Munich, Germany.
    2. Kliman, Andrew & Freeman, Alan & Potts, Nick & Gusev, Alexey & Cooney, Brendan, 2013. "The Unmaking of Marx’s Capital: Heinrich’s Attempt to Eliminate Marx’s Crisis Theory," MPRA Paper 48535, University Library of Munich, Germany, revised 22 Jul 2013.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rotta, Tomás N. & Teixeira, Rodrigo A., 2018. "The commodification of knowledge and information," Greenwich Papers in Political Economy 19448, University of Greenwich, Greenwich Political Economy Research Centre.
    2. Cihad Ozsoz & Cem Koray Olgun & Ä°sa Demir, 2023. "Confronting the First-Level Digital Divide in the Digital Age: A Comparison Between Public and Private University Students in Turkiye," Journal of Economy Culture and Society, Istanbul University, Faculty of Economics, vol. 67(67), pages 135-153, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Freeman, Alan, 2015. "Social Structures of disaccumulation: a 101 on the rate of profit and the cause of crisis," MPRA Paper 69649, University Library of Munich, Germany, revised 21 Feb 2016.
    2. Freeman, Alan, 2001. "The Case for Simplicity: a Paradigm for the Political Economy of the 21st Century," MPRA Paper 52723, University Library of Munich, Germany, revised 01 Apr 2001.
    3. Freeman, Alan, 2016. "The Whole of the Storm: Money, debt and crisis in the current Long Depression," MPRA Paper 84394, University Library of Munich, Germany.
    4. Freeman, Alan, 2003. "The Age of War: From World Market to World Conquest (English language version)," MPRA Paper 5588, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:ijpoec:v:46:y:2017:i:1:p:65-89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MIJP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.