Neoliberalism: The Return of Labor and Capital to Knowledge in the 21st Century: The Return of Labor and Capital to Knowledge in the 21st Century

Author: Jiang Qiping
Publisher:
Publish Date: 2004-01-01
Features: In knowledge production, capital and labor are integrated. Knowledge capitalists are different from capitalists. The era of knowledge capitalists is the era of entrepreneurship for ordinary people, and also the era when ordinary laborers create wealth with knowledge. From an economic perspective, knowledge capital refers to using knowledge as a factor of production. The main characteristic of knowledge as a factor of production is that it combines the economic features of this factor with the economic features of labor. Knowledge characterized by innovation cannot exist without the minds of laborers. The fundamental feature of knowledge capital is the integration of capital and labor. The economy of knowledge conquering, we have entered the era of the knowledge economy. Once the value of knowledge is established, it will determine the economy according to its own laws. The power of knowledge becomes the essential capital for all industries. In the process of digitalization, knowledge is used as a factor of production. The main characteristic of knowledge as a factor of production is that it combines the economic features of this factor with the economic features of labor. Knowledge characterized by innovation cannot exist without the minds of laborers. The fundamental feature of knowledge capital is the integration of capital and labor.