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《STUDIES IN DIALECTICS OF NATURE》 2000-01
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Is Knowledge Economy in Accordance with the Traditional Law of Value?

XIAO Guang-ling (Institute of Science, Technology and Society, School of Humanities and Social Sciences, Tsinghua University, Beijing 100084, China)  
This paper divides labor into conventional labor and innovative labor. In the knowledge economy, the applicability of the traditional law of value plays down from the point of view of the impact of innovative labor on conventional labor, and from the point of view of innovative labor itself the traditional law of value is not applicable. knowledge economy is in accordance with the law of prospective maximal sale and in pursuit of the maximal ratio of profit to loss, which is the main reason why the information industry has developed so rapidly.
【CateGory Index】: F062.3
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