Labour as an Agent of Production: A Classical Economy Perspective
AbstractSeminal works on labour and its contribution to the economy were attempted by classical economists. The classical political economy considered labour as the sole source of value, and only it can create an addition. The predominance of ascribed it as basis of all social life. This paper reviews the works of two classical political economy writers: Marx and Smith.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 27432.
Date of creation: 13 Dec 2010
Date of revision:
Labour; labour power; abstract labour; concrete labour; Karl Max; Adam Smith; classical economy; division of labour;
Find related papers by JEL classification:
- J00 - Labor and Demographic Economics - - General - - - General
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
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