The knowledge economy and labour power in late capitalism

Peter K. Kennedy

Research output: Contribution to journalArticle

Abstract

This paper offers a Marxist critique of the prevailing view that the knowledge economy marks a decisive shift in capitalism away from the exploitation of labour and argues instead that the knowledge economy is part of the broader transition of value relations under late capitalism, which manifests most clearly in the increasing difficulties late capitalism experiences in containing the power of social labour. Drawing out this argument the paper considers the recent mass expansion of UK post-compulsory education. Contrary to the view that post compulsory education is a functional response to the needs of a knowledge economy, it is argued that the expansion is a function of the need to control through containment the power of social labour.

Original languageEnglish
Pages (from-to)821-837
Number of pages17
JournalCritical Sociology
Volume36
Issue number6
DOIs
Publication statusPublished - 1 Oct 2010

Fingerprint

late capitalism
knowledge economy
compulsory education
labor
exploitation
capitalist society
Values
experience

Keywords

  • capitalism in transition
  • critical political economy
  • knowledge economy
  • immaterial labour
  • value relations

Cite this

Kennedy, Peter K. / The knowledge economy and labour power in late capitalism. In: Critical Sociology. 2010 ; Vol. 36, No. 6. pp. 821-837.
@article{79bd0945c9e64fa2820fe6adfc676459,
title = "The knowledge economy and labour power in late capitalism",
abstract = "This paper offers a Marxist critique of the prevailing view that the knowledge economy marks a decisive shift in capitalism away from the exploitation of labour and argues instead that the knowledge economy is part of the broader transition of value relations under late capitalism, which manifests most clearly in the increasing difficulties late capitalism experiences in containing the power of social labour. Drawing out this argument the paper considers the recent mass expansion of UK post-compulsory education. Contrary to the view that post compulsory education is a functional response to the needs of a knowledge economy, it is argued that the expansion is a function of the need to control through containment the power of social labour.",
keywords = "capitalism in transition, critical political economy, knowledge economy, immaterial labour, value relations",
author = "Kennedy, {Peter K.}",
note = "<p>Originally published in: Critical Sociology (2010), 36 (6), pp.821-837.</p>",
year = "2010",
month = "10",
day = "1",
doi = "10.1177/0896920510376998",
language = "English",
volume = "36",
pages = "821--837",
journal = "Critical Sociology",
issn = "0896-9205",
publisher = "SAGE Publications Ltd",
number = "6",

}

The knowledge economy and labour power in late capitalism. / Kennedy, Peter K.

In: Critical Sociology, Vol. 36, No. 6, 01.10.2010, p. 821-837.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The knowledge economy and labour power in late capitalism

AU - Kennedy, Peter K.

N1 - <p>Originally published in: Critical Sociology (2010), 36 (6), pp.821-837.</p>

PY - 2010/10/1

Y1 - 2010/10/1

N2 - This paper offers a Marxist critique of the prevailing view that the knowledge economy marks a decisive shift in capitalism away from the exploitation of labour and argues instead that the knowledge economy is part of the broader transition of value relations under late capitalism, which manifests most clearly in the increasing difficulties late capitalism experiences in containing the power of social labour. Drawing out this argument the paper considers the recent mass expansion of UK post-compulsory education. Contrary to the view that post compulsory education is a functional response to the needs of a knowledge economy, it is argued that the expansion is a function of the need to control through containment the power of social labour.

AB - This paper offers a Marxist critique of the prevailing view that the knowledge economy marks a decisive shift in capitalism away from the exploitation of labour and argues instead that the knowledge economy is part of the broader transition of value relations under late capitalism, which manifests most clearly in the increasing difficulties late capitalism experiences in containing the power of social labour. Drawing out this argument the paper considers the recent mass expansion of UK post-compulsory education. Contrary to the view that post compulsory education is a functional response to the needs of a knowledge economy, it is argued that the expansion is a function of the need to control through containment the power of social labour.

KW - capitalism in transition

KW - critical political economy

KW - knowledge economy

KW - immaterial labour

KW - value relations

U2 - 10.1177/0896920510376998

DO - 10.1177/0896920510376998

M3 - Article

VL - 36

SP - 821

EP - 837

JO - Critical Sociology

JF - Critical Sociology

SN - 0896-9205

IS - 6

ER -