Productive and unproductive labour were concepts used in classical political economy mainly in the 18th and 19th century, which survive today to some extent in modern management discussions, economic sociology and Marxist or Marxian economic analysis. The concepts strongly influenced the construction of national accounts in the Soviet Union and other Soviet-type societies (see Material Product System).
Read more about Productive And Unproductive Labour: Classical Political Economy, A Quote From Adam Smith, Neoclassical Economics, National Accounts, Marx's Critique, Productive Labour As Misfortune?, Ecological Critique, Material Product Accounts in Soviet-type Societies
Famous quotes containing the words productive and/or labour:
“The result of civilization, at the Sandwich Islands and elsewhere, is found productive to the civilizers, destructive to the civilizees. It is said to be compensation—a very philosophical word; but it appears to be very much on the principle of the old game, “You lose, I win”: good philosophy for the winner.”
—Herman Melville (1819–1891)
“You must labour to acquire that great and uncommon talent of hating with good breeding, and loving with prudence; to make no quarrel irreconcilable by silly and unnecessary indications of anger; and no friendship dangerous, in care it breaks, by a wanton, indiscreet, and unreserved confidence.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)