Munich Personal RePEc Archive

Labour as an Agent of Production: A Classical Economy Perspective

Pillai, Rajasekharan (2010): Labour as an Agent of Production: A Classical Economy Perspective.

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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.

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