Labour as an Agent of Production: A Classical Economy Perspective

Pillai, K R (2010) Labour as an Agent of Production: A Classical Economy Perspective. MPRA Munich Personal RePEc Archive.

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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.

Item Type: Article
Uncontrolled Keywords: Labour, labour power, abstract labour, concrete labour, Karl Max, Adam Smith, classical economy, division of labour
Subjects: Management > MIM Manipal
Depositing User: MIM User
Date Deposited: 08 Nov 2014 09:38
Last Modified: 08 Nov 2014 09:38

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