14726002
THEORY OF
VALUE
- The
physiocratic
theory
- Where?
- France
- France
- When?
- In the middle of
the 18th century
- In the middle of
the 18th century
- Theoretical
assumptions
- Agriculture is
the only
productive
activity
- Rent
- Net
income
- New material
subsistence
- Net
product
- The wages that pay the
labour of the
industrial population
- Rent
- Agriculture is
the only
productive
activity
- Quesnay
- First
articles
- 1756-1757
- In famous
encyclopedia
- Depicting the
superiority of
large scale
- Depicting the
superiority of
large scale
- 1756-1757
- Attributed
- The decline of agriculture
to heavy taxes and to the
artificially low price of corn
- The decline of agriculture
to heavy taxes and to the
artificially low price of corn
- In 1758
- Tableau
economique
- The first attempt To depict as
a unified whole the entire
process of the reproduction
circulation distribution and
consumption of a society’s
product
- The first attempt To depict as
a unified whole the entire
process of the reproduction
circulation distribution and
consumption of a society’s
product
- Economie Générale te
politique de I’agriculture
- Tableau
economique
- Wish
- To trace out the
path of social
reproduction
- To trace out the
path of social
reproduction
- First
articles
- Mistakes
- They confused the increase of
material substance with the increase
of exchange value
- They understand the
exclusive productivity
of agriculture
- As ability to yield
surplus quantum of
value
- As ability to produce a
surplus quantity of
material product
- As ability to yield
surplus quantum of
value
- They confused the increase of
material substance with the increase
of exchange value
- Where?
- turgot
- restored the freedom
of the domestic corn
trade
- vs
- the court aristocracy
- the gentry
- the tax farmers
- the court aristocracy
- restored the freedom
of the domestic corn
trade
- England
- the 18th
century
- different forms of
industrial organization
- diffused system of cottage or
domestic large- scale industry
- capitallist
enterprises, or
manufactories
- independent
handicrafts
- diffused system of cottage or
domestic large- scale industry
- Adam
Smith
- it is labour in general
that he proclaims the
sole source of wealth
- social
division of
labour
- technical, manufactory
- technical, manufactory
- division of labour
- branches of production
- branches of production
- it is labour in general
that he proclaims the
sole source of wealth
- the 18th
century
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