...Wealth of Nations, Vol. I, pp. 332-334. Clarendon Press, Oxford, 1 880. There is one sort of labor which adds to the value of the subject upon which...may be called productive ; the latter, unproductive labor. Thus the labor of a manufacturer adds, generally, to the value of the materials which he works...

...former, as it produces a value, may be called productive ; the latter, unproductive labor. Thus the labor of a manufacturer adds, generally, to the value of...his own maintenance, and of his master's profit. The labor of a menial servant, on the contrary, adds to the value of nothing. Though the manufacturer has...

...they have not always agreed as to the line of division. Adam Smith1 wrote: There is one sort of labor which adds to the value of the subject upon which...may be called productive; the latter, unproductive labor. Thus the labor of a manufacturer adds, generally, to the value of the materials which he works...

...gewöhnlich etwas mehr erzeugt wird, um als Kapital angesammelt zu werden (S.333,Inquiry). Dazu sagt A.Smith: „Thus the labour of a manufacturer adds generally to the value of his materials which he works upon, that of his own meintaince and of his masters profit" (S. 294, I,...

...Nations, published in 1776: There is one sort of labor which adds to the value of the subject Adam Smith upon which it is bestowed; there is another which has no such effect. d's.t',n", , guished beThe former, as it produces a value, may be called productive; the tween prolatter,...

...destined 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 the labour...

...former, as it produces a value, may be called productive; the latter, unproductive labor. Thus the labor of a manufacturer * adds, generally, to the value...his own maintenance and of his master's profit. The labor of a menial servant, on the contrary, adds to the value of nothing. Though the manufacturer has...

...AND UNPRODUCTIVE LABOUR THERE is one sort of labour which adds to the value of the subject There « upon which it is bestowed : there is another which has no such ubour, proeffect. The former, as it produces a value, may be called productive ; unpcodu" the latter,...

...ambiguity of interpretation. The opening sentence of this chapter says that "there is one sort of labour which adds to the value of the subject upon which...produces a value, may be called productive . . . The labour of a menial servant, on the contrary, adds to the value of nothing."* After a statement to the...

...only labor employed in agriculture as productive. Smith widened the concept out to embrace all "labour which adds to the value of the subject upon which it is bestowed. ... It is, as it were, a certain quantity of labour stocked and stored up to be employed, if necessary,...