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Labour as an Agent of Production: A Classical Economy Perspective

Author

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  • Pillai, Rajasekharan

Abstract

Seminal 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.

Suggested Citation

  • Pillai, Rajasekharan, 2010. "Labour as an Agent of Production: A Classical Economy Perspective," MPRA Paper 27432, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:27432
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    More about this item

    Keywords

    Labour; labour power; abstract labour; concrete labour; Karl Max; Adam Smith; classical economy; division of labour;
    All these keywords.

    JEL classification:

    • J00 - Labor and Demographic Economics - - General - - - General
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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