Chapter

The Division of Labour and the Theory of Value

Gloria Vivenza

in Adam Smith and the Classics

Published in print November 2001 | ISBN: 9780198296669
Published online November 2003 | e-ISBN: 9780191597008 | DOI: http://dx.doi.org/10.1093/0198296665.003.0005
 The Division of Labour and the Theory of Value

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Deals with some analogies between Adam Smith's and Plato's thought about the division of labour, and Adam Smith's and Aristotle's formulations concerning economic value. The two parts of the chapter survey the existing literature on the subject, and then illustrate analogies and differences between Adam Smith and the two ancient authors both from an analytical and a historical point of view.

Keywords: Aristotle; atomism; division of labour; market; need; Plato; scarcity; utility; value; work

Chapter.  19439 words. 

Subjects: History of Economic Thought

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