Valueless Knowledge-Commodities and Financialization

Teixeira, Rodrigo Alves; Rotta, Tomas Nielsen

doi:10.1177/0486613411434387

Cited by 51 publications

(5 citation statements)

References 18 publications

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“…The case can safely be made that IPRs account for a significant part – but not all – of the increase in the intangible assets of pharmaceutical companies. It is worth noting that although IPRs generate rent income and are subject to speculation, they are statutory creatures based on state guarantees and not financial assets (Texeira and Rotta, 2012). As with other intangible-asset-heavy corporations, a significant part of intangible assets of our companies are ‘undisclosed’/‘uncategorised’, pointing to a much larger problem that exists with the definition, identification and measurement of intangible capital in general (Bryan et al, 2022: 96).…”

Section: The Concentration-decomposition Dynamic In the Proprietary P...mentioning

confidence: 99%

The knowledge-leveraging corporation in the neoliberalisation-financialisation nexus

Muzaka

2023

Competition & Change

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Before the Covid-19 pandemic brought the proprietary pharmaceutical sector to the attention of the lay public, scholars had constructed a rich body of knowledge covering almost all of its aspects. But this diverse literature displays a tendency to focus on specific practices, often unarticulated with each other and detached from the broader socio-economic-political context in which the sector operates. This article aims to provide a comprehensive analysis of the radical transformations that have occurred in the sector in the context of the neoliberalisation-financialisation nexus. This vantage point enables us to grasp better the depth of these changes, especially the emergence of a new kind of corporation preoccupied predominantly with leveraging knowledge of two kinds: knowledge protected by state-backed legal (IP) titles, and that specific to orchestrating the various networks where most of research, development, and production now occurs.

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Section: The Concentration-decomposition Dynamic In the Proprietary P...mentioning

confidence: 99%

The knowledge-leveraging corporation in the neoliberalisation-financialisation nexus

Muzaka

2023

Competition & Change

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“…As knowledge is systematically turned into intangible assets, the technological forerunner will keep on garnering intellectual, technoscientific or knowledge rents (Birch, 2019; Durand and Milberg, 2020; Foley, 2013; Pagano, 2014; Rikap, 2018; Teixeira and Rotta, 2012). Assetization excludes others from accessing knowledge.…”

Section: Literature Reviewmentioning

confidence: 99%

Producing and using artificial intelligence: What can Europe learn from Siemens’s experience?

Graña

Franco

Flacher

et al. 2022

Competition & Change

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This paper examines the innovation strategy of Siemens, a key player in Europe’s digital economy, by performing network and lexical analyses using data derived from Siemens’s patents and scientific publications since 1998. We observe that the company’s innovation efforts evolved from a broader attempt to develop internal information and communication technology (ICT) capabilities – alongside its historical industrial priorities – to a strategy focused on developing artificial intelligence (AI) for sector-specific and niche applications (such as life and medical sciences). As a result, it became dependent on tech giants’ clouds for accessing more general AI services and digital infrastructure. We build on the intellectual monopoly literature focusing on the effects of tech giants on other leading corporations, to analyse Siemens’s experience. By abandoning the development of general ICT and given the emergence of tech giants as digital economy intellectual monopolies, we show that Siemens is risking its technological autonomy towards these big tech companies. Our results provide clues to understand the challenges faced by Europe and its firms in relation to US and Chinese tech giants.

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“…Rents accrue to the owners of resources not reproducible by labor, therefore valueless, such as urban and rural land, patented information, and licensed knowledge (Teixeira and Rotta, 2012). Unlike interest, rents appear when valueless resources are traded, leased, or licensed.…”

Section: Autonomization Of Capital From Labor Exploitation: the Constmentioning

confidence: 99%

The autonomisation of abstract wealth: new insights on the labour theory of value

Rotta¹,

Teixeira

2015

CAMECO

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We theorize the forms of value in the Marxist system in a way that challenges the dominant tradition. The standard procedure has been to read Marx's Capital as an analysis that begins at a high level of abstraction and moves toward more concrete concepts. Our alternative approach posits that the forms of value in the Marxist system evolve from more concrete toward more abstract forms of wealth that increasingly separate from and obscure labor exploitation.Our procedure therefore replaces the dominant interpretation of 'successive approximations' employed by most scholars. We develop a broader account of Marx's project alongside textual evidence retrieved from many of his writings.We also provide a new way to incorporate the monetary, financial, and rentier forms of wealth into Marx's labor value theory. The proposed alternative approach can potentially open a research agenda on the contemporaneous dynamics of abstract and concrete forms of wealth in advanced capitalism.

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Valueless Knowledge-Commodities and Financialization

Cited by 51 publications

References 18 publications

The knowledge-leveraging corporation in the neoliberalisation-financialisation nexus

The knowledge-leveraging corporation in the neoliberalisation-financialisation nexus

Producing and using artificial intelligence: What can Europe learn from Siemens’s experience?

The autonomisation of abstract wealth: new insights on the labour theory of value

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