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The commodification of knowledge and information

The commodification of knowledge and information

Rotta, Tomás N. and Teixeira, Rodrigo A. (2018) The commodification of knowledge and information. [Working Paper]

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Abstract

In this chapter we present an analysis of the commodification of knowledge and information in contemporary capitalism. We provide a consistent account of how information as a commodity effects the workings of both capitalism and of Marxist theory. The first part of the chapter critically revisits Marx’s own writings on the commodification of knowledge and how the immaterial labor hypothesis initially interpreted these writings. Based on the new categories knowledge-commodity and knowledge-rent, we then present our own approach in response to the challenges raised by the immaterial labor hypothesis. Lastly, we analyze the more recent contributions on the commodification of knowledge and information within the Marxist literature. The current debate on the value of knowledge has been divided between two camps: the reproduction cost approach, and the average cost approach. At the end of the chapter we present empirical estimates of the magnitudes of knowledge-rents.

Item Type: Working Paper
Uncontrolled Keywords: Knowledge-commodities, knowledge-rents, value theory, Marx, immaterial labor,
Subjects: H Social Sciences > HM Sociology
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Last Modified: 23 May 2018 12:33
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/19448

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