Posted on

Mind Over Matter: Why Intellectual Capital is the Chief by Ronald J. Baker

By Ronald J. Baker

Brain Over topic: Why highbrow Capital is the manager resource of Wealth expands the definition of a data economic climate to at least one in keeping with highbrow Capital and expertly info why it's the most crucial part in making a living.

Show description

Read Online or Download Mind Over Matter: Why Intellectual Capital is the Chief Source of Wealth PDF

Best managerial books

Protecting Clients from Fraud, Incompetence and Scams

Guard your consumers – and your self – from every kind of monetary chicanery and stupidity with this important new bookIt does not subject if a monetary errors was once made due to malice or lack of know-how – the outcome is that you simply lose cash. fortunately, you do not have to take a seat idly and take it. in case you have keeping consumers from Fraud, Incompetence and Scams, you could establish and stay away from the dysfunctional sectors of the monetary undefined, avoid the fallout from the Madoff period, and consultant your consumers to actual, fit, sustainable returns.

Sovereign Debt Crisis: The New Normal and the Newly Poor (Palgrave Macmillan Studies in Banking and Financial Institutions)

Restructuring the stability sheets of Western governments, banks and families is a crucial factor within the restoration after the hot hindrance. Chorafas' most modern publication specializes in sovereign debt, sovereign possibility and the constructing fiscal and monetary company weather and explains why the 12 months of the large hindrance may perhaps fall in the midst of this decade.

Strategic Value Analysis: Organize Your Company for Strategic Success (Executive Briefings)

Price research underlies the good fortune and competitiveness of major eastern businesses comparable to Toyota. First created as an engineering product layout method within the States, it used to be consequently taken up via eastern businesses who built and more desirable the approach right into a significant managerial instrument incorporating accounting details, and used it to lessen product expense and increase product performance and cost for patrons.

Risk and Return in Asian Emerging Markets: A Practitioner’s Guide

Probability and go back in Asian rising Markets deals readers a company perception into the danger and go back features of top Asian rising marketplace contributors by way of evaluating and contrasting behavioral version variables with predictive forecasting equipment.

Additional info for Mind Over Matter: Why Intellectual Capital is the Chief Source of Wealth

Example text

This fallacy is one of the oldest of economic delusions, from the period of empire when men believed that wealth was land, to the period of mercantilism when they fantasized that it was gold, to the contemporary period when they suppose it is oil; and our citizens clutch at real estate and gold as well. But economists make an only slightly lesser error when they add up capital in quantities and assume that wealth consists mainly in machines and factories. Throughout history, from Venice to Hong Kong, the fastest growing countries have been the lands best endowed not with things but with free minds and private rights to property.

In saying that the value of a commodity is determined by the quantity of labour worked up or crystallized in it, we mean the quantity of labour necessary for its production in a given state of society, under certain social average conditions of production, with a given social average intensity, and average skill of the labour employed. If then the quantity of socially necessary labour realised in commodities regulates their exchangeable values, every increase in the quantity of labour wanted for the production of a commodity must augment its value, as every diminution must lower it (Marx 1995: 33–34).

M]y proposition that with few exceptions the quantity of labour employed on commodities determines the rate of which they will exchange for each other . . is not rigidly true, but I say it is the nearest approximation to truth, as a rule for measuring relative value, of any I have ever heard (Skousen 2001: 107). In fact, Ricardo struggled with the labor theory of value until the last days of his life. As Mark Skousen writes in his luminous book The Making of Modern Economics: About a month before his death he wrote a fellow economist, “I cannot get over the difficulty of the wine which is kept in a cellar for 3 or 4 years, or that of the oak tree, which perhaps had not 2/[pence] expended on it in the way of labour, and yet comes to be worth $100” (Skousen 2001: 108).

Download PDF sample

Rated 4.99 of 5 – based on 15 votes