2) 20535. Emerson, Ralph Waldo. The Columbia World of Quotations. 1996
...Locke. We might take this passage to be a wry commentary on Locke's empiricism and his labor theory of value....

3) Marxism. The Columbia Encyclopedia, Sixth Edition. 2001
...Marxism's historical premises are its economic theories. Of central importance are the labor theory of value and the idea of surplus value. Marxism supposes that...

4) Ricardo, David. The Columbia Encyclopedia, Sixth Edition. 2001
...of almost any good was, essentially, a function of the labor needed to produce it. According to his labor theory of value, a clock costing $100 required 10 times...

5) Smith, Adam. The Columbia Encyclopedia, Sixth Edition. 2001
...1776. 1In that work, Smith postulated the theory of the division of labor and emphasized that value arises from the labor expended in the process of production. He...

6) III. Political Science. Adam Smith and "The Wealth of Nations". By Professor Charles J. Bullock. 1909-14. Lectures on the Harvard Classics. The Harvard Classics
...becomes the classical cost-of-production theory; while, given another slant, it becomes the labor theory of Marx and the socialists. His theory of wages becomes,...

7) economics. The Columbia Encyclopedia, Sixth Edition. 2001
...follow Smith was David Ricardo. His analysis of rent long remained the classic account, while his theory of labor value was later adopted by socialists as well as...

8) wages. The Columbia Encyclopedia, Sixth Edition. 2001
...but is customarily in money. The term in a broad sense refers to what is received in any way for labor, but wages usually refer to payments to workers who are paid...

9) Locke, John. The Columbia Encyclopedia, Sixth Edition. 2001
...because each person has a right to the product of his or her labor. Locke forecast the labor theory of value. The policy of governmental checks and balances, as delineated...

10) 2. Intellectual and Religious Trends. 2001. The Encyclopedia of World History
...early modern period, and the lessons of historical experience. They held that abstract political theory led only to ruin. The major proponents of this philosophy...