Parrinello, Sergio (2003): The myth of the service economy. Published in: Working Paper Dipartimento di Economia Pubblica , Vol. 55, (June 2003): pp. 1-32.
Download (317kB) | Preview
In this article the author, after a critical assessment of the main notions of services developed in economics, presents a revised definition of services based on process analysis. A corresponding distinction is made between material and non-material goods, on the one hand, and services, on the other hand. The proposed definition is applied to extend Sraffa’s theory of prices and to clarify that the expansion of the service activities, as such, is not related to knowledge creation and information diffusion. It is suggested that the dynamics of such non-material factors, instead of being reflected by the change in the relative weights of goods and services, should be assessed on the basis of the change in the tasks and qualities of the labour force. Final version of this working paper: S. Parrinello, “The service economy revisited”, Structural Change and Economic Dynamics, 15 (2004) 381–400
|Item Type:||MPRA Paper|
|Original Title:||The myth of the service economy|
|Keywords:||Services; process analysis; Classical economics|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B1 - History of Economic Thought through 1925 > B12 - Classical (includes Adam Smith)
D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D57 - Input-Output Tables and Analysis
L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L23 - Organization of Production
|Depositing User:||Sergio Parrinello|
|Date Deposited:||10. May 2011 15:20|
|Last Modified:||04. Sep 2015 11:17|
Bryson, J. R., Daniels, P.W. (Eds.), 1998. Service Industries in the Global Economy. Vol. 1, 2. Elgar Reference Collection, Cheltenham, U.K and Northampton, Mass..
Gadrey, J., 2000. “The characterization of goods and services: an alternative Approach”. Review of Income and Wealth 46, 369-387.
Griliches, Z., (Ed.), 1992. Output Measurement in the Service Sectors,NBER, Studies in Income and Wealth, 56, The University of Chicago Press.
Hill, T. P., 1977. “On goods and services”. Review of Income and Wealth23, 315-38.
Hill, T. P., 1997. Tangibles, intangibles and services: a new taxonomy forthe classification of output. CSLS Conference on service productivity, 11-12 April, Ottawa.
Hirschhorn, L., 1988. “The post-industrial economy: labour, skills and the new mode of production”. Service Industries Journal, 8, 19-38.
Marx, K., 1905. Theorien über den Mehrwert. Aus dem nachgelassenen Manuskript Zur Kritik der Ökonomie , von Karl Marx, herausgegehen von Karl Kautsky. I. Die Anfänge der Theorie vom Mehrwert bis Adam Smith; Dietz, Stuttgart. English Translation: Marx, K., Theories of Surplus-Value. Part I, Progress Publishers, Moskow.
Parrinello, S., 1992. “Social norms, fluctuations and money in a linear model of prices”, in: Sebastiani, M. (Ed.), The Notion of Equilibrium in the Keynesian Theory, MacMillan, London, 173-188.
Parrinello, S., 1993. “Non pure private goods in the economics of Production processes”. Metroeconomica, 44, 195-214.
Pasinetti, L. L. 1993. Structural Economic Dynamics: a Theory of Economic Consequences of Human Learning. Cambridge University Press, Cambrdige UK.
Stanback, T., Bearse, P., Noyelle, T., Karasek, R., 1981. Services: the New Economy, Totawa, NJ..
Smith, A., 1937. The Wealth of Nations. The Modern Library, Random House, New York.
Steedman, I., 1977. Marx after Sraffa. NLB, London, Walker, R.A., 1985. “Is there a service economy? The changing