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Generalizing Productivity and Service Stake. A Heterodox Widened Approach

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  • Jivan Alexandru
  • Năchescu Miruna-Lucia

Abstract

The aim of the present paper is to put together, point out and underline the core characteristics of a generalized concept of productivity built on a heterodox outlook. The analysis is conducted under the assumption that the developing knowledge in nowadays society and the concern for basing the economy on it require a reviewed approach on productivity. Relevant moments from the economic thought and literature are invoked(certain approaches on productivity from the most representative Romanian economic thought here included); the research finds reason and main conceptual grounds in the genuine liberalism and in the service economy, by a critical view on the concern for productivity growth as commonly seen and calculated. The paper also aims to bring to the current attention some pioneer work, less known but very important for the productivity mark. The paper develops the service stake as defining value creation and reveals the most important differences between common productivity (usually calculated productivity) and the new approach that takes into account the generalized service approach consistent with nowadays society.This paper is a theoretical presentation designed to serve as an improved context for reconsidering the researches focused on – or connected with – productivity.

Suggested Citation

  • Jivan Alexandru & Năchescu Miruna-Lucia, 2017. "Generalizing Productivity and Service Stake. A Heterodox Widened Approach," Journal of Heterodox Economics, Sciendo, vol. 4(2), pages 81-118, December.
  • Handle: RePEc:vrs:joheec:v:4:y:2017:i:2:p:81-118:n:2
    DOI: 10.1515/jheec-2017-0005
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    References listed on IDEAS

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    1. T. P. Hill, 1977. "On Goods And Services," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 23(4), pages 315-338, December.
    2. K. J. Arrow, 1971. "The Economic Implications of Learning by Doing," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 11, pages 131-149, Palgrave Macmillan.
    3. repec:bla:revinw:v:23:y:1977:i:4:p:315-38 is not listed on IDEAS
    4. Victor R. Fuchs, 1968. "The Service Economy," NBER Books, National Bureau of Economic Research, Inc, number fuch68-1.
    5. Ritelli, Daniele & Barbiroli, Giancarlo & Fabbri, Paolo, 1997. "Predation among technologies on the market: A modellistic analysis," Journal of Mathematical Economics, Elsevier, vol. 27(3), pages 347-374, April.
    6. Alexandru JIVAN, 2011. "Completions to Marshallian Out-Look, Consistent With Knowledge Based Economy," Timisoara Journal of Economics, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 4(1(13)), pages 11-18.
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    More about this item

    Keywords

    productivity; service economy; knowledge society; value creation;
    All these keywords.

    JEL classification:

    • A19 - General Economics and Teaching - - General Economics - - - Other
    • L80 - Industrial Organization - - Industry Studies: Services - - - General

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