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IAS Workshop - Creation of Value in a KBE

Date: 05-06 April 2006


One of the key characteristics of the KBE, noted by both academics and policy-makers, is the fundamental shift in the factors adding or creating value (e.g. Castells, 1996; EU, 2000). If, in classical and neoclassical political economy value was considered to emerge primarily from the contributions of physical labour and/or capital, the supporters of the KBE claim that value formation in the new economy is fundamentally produced by immaterial forms of labour and capital (e.g. human capital, information). However, there's little evidence or studies supporting this latter claim.

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Organising departments and research centres: Institute for Advanced Studies


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Faculty of Arts and Social Sciences
Faculty of Arts and Social Sciences
Lancaster University
Lancaster LA1 4YD
United Kingdom

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