The Creation of Value by Living Labour: A Normative and Empirical Study - Vol. 1

The book draws on Professor Cheng's "New Four Theory" on value, wealth, and distribution, among which the "new living labor value theory" is particularly creative. Its basic idea is as follows. According to Marx, all labor that directly produces physical and mental or cultural goods for exchange in the markets, or direct services for the production and reproduction of labor goods, including internal management labor and scientific and technical labor, falls in the category of value-creating...