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Adam Smith and the ClassicsThe Classical Heritage in Adam Smith's Thought$
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Gloria Vivenza

Print publication date: 2001

Print ISBN-13: 9780198296669

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198296665.001.0001

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The Division of Labour and the Theory of Value

The Division of Labour and the Theory of Value

(p.126) 4 The Division of Labour and the Theory of Value
Adam Smith and the Classics

Gloria Vivenza (Contributor Webpage)

Oxford University Press

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

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