Cosimo Perrotta

Unproductive Labour in Political Economy (eBook, ePUB)

The History of an Idea

• Format: ePub

Produktbeschreibung

Contemporary mainstream economists see social wealth as the sum of individual incomes, but for three centuries many economists saw wealth as consisting of the public and private resources of a nation. This led them to explore the idea of unproductive labour, which provides a nation with an individual income, but does not contribute to an increase in social wealth or help to foster development.

This book analyses the evolution of ideas surrounding unproductive labour, offering an unprecedented history that guides readers from the work of Petty through to the present economic crisis. This volume explores the work of several key scholars, including Smith, Petty, Marx, Ricardo, Mill, Say and Schumpeter.

This book is suitable for scholars and researchers with an interest in the history of economic thought, labour economics and economic philosophy.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 284
• Erscheinungstermin: 13. Juni 2018
• Englisch
• ISBN-13: 9781317218319
• Artikelnr.: 56841893

Autorenporträt

Cosimo Perrotta is a retired Professor of the History of Economic Thought at the University of Salento, Italy

Inhaltsangabe

I
Introduction: what is unproductive labour, II
Unproductive labour before Smith, III
Physiocracy: labour productive of surplus
Condillac, IV
Adam Smith: the struggle against rent, V
Supporters of Smith on unproductive labour, VI
Critics of Smith on services and intellectual labour, VII
The subjective approach (all labour productive), VIII
The deadlock of unproductive consumption, X
Underconsumption and crises, X
Technical progress, XI
Marx's blind alley on unproductive labour, XII
Investment in human capital, XIII
Overproduction versus underconsumption, XIV
Fall and revival of Smith's distinction, XV
Crises and underconsumption in Marx and his followers, XVI
Productiveness of public expenditures, XVII
Productive labour in the 1960s
70s Marxist thought, XVIII
New middle classes and human capital, XIX
The welfare state as investment in human capital, XX
Saturation: the growth of unproductive labour, XXI
The future of productive labour