The Creation of Value by Living Labour

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The book presents Professor Cheng's innovative "New Four Theory," focusing on value, wealth, and distribution, with a distinctive emphasis on the "new living labor value theory." This theory expands on Marx's principles by categorizing all labor that contributes to the production of goods and services, including management and technical roles, as value-creating. It follows Marx's analytical framework while extending its application to encompass all social and economic sectors, offering a fresh perspective on labor's role in value creation.