Smith's view that human labour but not unproductive labour is the source of wealth reflects the classical position that all commodities can be reduced to actual labour and produced inputs which in turn resolve into labour and former inputs.
12.
The wealth of France was virtually destroyed by Louis XIV and Louis XV in ruinous wars, by aiding the American insurgents against the British, and perhaps most destructive ( in terms of public perceptions ) was what was seen as the excessive consumption of goods and services deemed to have no economic contribution unproductive labour.
13.
In Marxian social accounting, one theoretical controversy concerns the treatment of the wages of so-called productive and unproductive labour . " Unproductive labour " by definition does not make net additions to the new value product, but only " transfers " value from other sectors on the basis that it reduces the costs of capitalist production.
14.
In Marxian social accounting, one theoretical controversy concerns the treatment of the wages of so-called productive and unproductive labour . " Unproductive labour " by definition does not make net additions to the new value product, but only " transfers " value from other sectors on the basis that it reduces the costs of capitalist production.
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