Feng Zhao, Jianbao Zhang and Zhen Luo
The correlations and deviations between market prices, production prices and values are critical indexes for testing the labor theory of value. However, there is not yet a…
Abstract
Purpose
The correlations and deviations between market prices, production prices and values are critical indexes for testing the labor theory of value. However, there is not yet a universally accepted method of solving for the production price vector, and given the complexity and volatility of economic dynamics, production prices based on the assumption of economic equilibrium cannot be accurate measuring. This paper attempts to propose a new approach to test the labor theory of value.
Design/methodology/approach
This paper proposes a different approach. From the perspective of disequilibrium price, the paper deduces that the range of the relative prices of commodities is determined by the relative value, the rate of surplus-value and the technical structure of production inputs, with relative price fluctuating within the value range specified by the labor theory of value under market competition influences.
Findings
With empirical research results based on China’s economic data, this paper not only affirms the scientific and practical explanatory power of the labor theory of value in a more general sense but also uncovers how surplus value is distributed across sectors, which can be used to analyze market competition and technical relations and their impacts on industrial structure and distribution.
Originality/value
The disequilibrium analytical framework provides a new perspective for the empirical study of labor theory of value. Moreover, it evolves the labor theory of value into a robust empirical framework, breaking through the theoretical path of the traditional labor theory of value that is mostly limited to the normative discussion of exploitation.
Details
Keywords
Congjing Ran, Kai Song and Le Yang
There is no proposed solution to address the unresolved issues of constructing the Chinese university intellectual property information service system (IPISS) to promote the whole…
Abstract
Purpose
There is no proposed solution to address the unresolved issues of constructing the Chinese university intellectual property information service system (IPISS) to promote the whole process service efficiency of IP creation, utilization, protection and management. The purpose of this paper is to propose a complete system, including theoretical framework and system development which addresses the existing difficulties to IP create, protect and transfer for researchers in universities. The paper shares the practice of utilizing the system developed by Wuhan University IP research team known as Wuhan University Intellectual Property Information Service System (WHU-IPISS).
Design/methodology/approach
First, the IPISS of 23 universities in China was investigated on the internet. Aiming at the deficiencies of the system, such as single service type, lack of patent display window, low management efficiency. This paper constructs the theoretical framework, proposes the IP ecological chain model, divides it into four sub-chains and carries on the functional design. Further, under the theoretical framework, the IPISS was developed, including the resource supply management system, user demand matching system, resource assessment system and expert support system. Finally, the system was applied to Wuhan University to provide IP services in the whole process for university researchers.
Findings
WHU-IPISS realizes the functions of IP resource supply, demand matching, value evaluation and expert support. It solves the IP needs of university researchers and provides a guarantee for their technology research, patent portfolio, patent transfer and patent rights protection. It also improves the efficiency of IP service and can construct the IP ecosphere in universities.
Originality/value
The WHU-IPISS solution resolves issues of “How to develop the university IP whole process service model, fulfilling the IP service needs for universities' researchers”. The software will be released as open-source for other universities' use. The publishing model is also useful for those universities that intend to implement the IPISS.