Exchange Value ,Technical Rents Intellectual Property Law Assignment

1. Explain what commodity is and further discuss the difference between a commoditys use-value and its exchange value?
2. Explain the difference between profit and economic rent. Why are the relatively lasting super profits arising from innovation often referred to as technical rents? According to the value theory, what is the original source of these technical rents?
3. Explain the importance of Intellectual property and further discuss the ethics in the case for intellectual property (IP) rights both from Proceduralist and Consequentialist point of view.
4. What are the major effects of mechanization on employment levels and employment practices in advanced industrial societies, you may use an example to further demonstrate your answer?
5. Explain whether labor shedding in one part of the economy opens up opportunities for profits on other parts of the economy?
6. Explain the concept of Knowledge Workers and outline the key features of work design supporting the creativity and productivity of knowledge/innovation workers. How have financialised practices affected innovation and the experiences of innovation/knowledge workers in non-financial corporations? In explaining your answer, refer to the concept of short-termism?
7. With regards to large firms and small firms; discuss the relevance of the size and age of firms to the financing, creation, production, and distribution of innovations.
8. Critically evaluate the argument that innovation is a Public Good. In your answer, you may wish to refer to the Law of Expanding State Activity.