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| Author: | Li, Dingzhong |
| Title: | On advanced technology creating value (original in Chinese) |
| Journal: | Economist (c)
1994 : 5, p.100-107 |
| Index terms: | TECHNOLOGY LABOUR SUPPLY VALUE THEORY ECONOMIC THEORY |
| Language: | chi |
| Abstract: | The author thought that it was not convincing to say that advance technology can create value because it can raise labor productivity. Value, in the final analysis, is created by human labor. It is not proof that materialized labor can create value together with human labor. Advanced technology created by complex labor only surpass the average level in "substituting human labor". |
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