New Knowledge Capitalism (The Return of Labor and Capital to Knowledge in the 21st Century)

Author: Jiang Qiping
Publisher:
Publish Date: 2004-04-01
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 through 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 its economic feature that combines with the element of capital, characterized by innovation. Knowledge cannot exist without the mind of the laborer. 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 its economic feature that combines with the element of capital and the element of labor. Knowledge characterized by innovation cannot exist without the mind of the laborer. The fundamental feature of knowledge capital is the integration of capital and labor.