...he says : " There is one sort of labour," he affirms *i *' which adds to the value of the subject on which it is bestowed : there is another which has...may be called productive, the latter unproductive." This merely points out something distinct in the mere form of labour. But it is not true, that there...

...the Accumulation of Capital, or of productive and unproductive Labour. THERE is one sort of labour which adds to the value of the subject upon which...the materials which he works upon, that of his own * Some French authors of great learning and ingenuity have used those words in a different sense. In...

...shall give Dr. Smith's opinions in his own words. • . " There is one sort of labour," says he, " which adds to the value of the subject upon which...which he works upon, that of his- own maintenance, wealth. Franklin in his homely way illustrates the principle by the eflect produced by " a fine bonnet"...

...person moderately versed in Political Economy. He remarks, that — " There is one sort of labour, which adds to the value of the subject upon which...unproductive labour. Thus the labour of a manufacturer udds, generally, to the value of the materials which he works upon, that of his own maintenance, and...

...every person moderately versed in Political Economy. He remarks, that— " There is one sort of labour, which adds to the value of the subject upon which...adds, generally, to the value of the materials which be works upon, that of his own maintenance, and of his master's profit. The labour of a menial servant,...

...THE ACCUMULATION OF CAPITAL, OR ОГ PRODUCTIVE AND UNPRODUCTIVE LABOUR. THERE is one sort of labour which adds to the value of the subject upon which...unproductive* labour. Thus the labour of a manufacturer adds general!^- to the value of the materials which be works upon, that of his own main tenance, and of...

...for the maintenance of productive hands, tends to increase the number of those hands, whose labour adds to the value of the subject upon which it is bestowed. It tends, therefore, to increase -the exchangeable value of the annual produce of the land and labour...

...for the maintenance of productive hands, tends to increase the number of those hands, whose labour adds to the value of the subject upon which it is bestowed. It tends, therefore, to increase the exchangeable value of the annual produce of the land and labour...

...misrepresentation, we shall give Smith's opinions in his own words. " There is one sort of labour," says he, " which adds to the value of the subject upon which...it is bestowed ; there is another which has no such efiect. The former, as it produces a value, may be called productive ; the latter, unproductive labour....

...constitutes useful and productive labour is given by Dr. Adam Smith : — " There is one sort of labour which adds to the value of the subject upon which...called productive — the latter unproductive labour. — The labour of the manufacturer fixes and realizes itself in some particular subject, or vendible...