...'productive' or 'wealth creating'. the only kind of investment which he supported. must manufacture 'some particular subject or vendible commodity which lasts for some time at least after that labour is past'.' Note that Smith confines his idea of a market commodity to what has some lasting...

...latter, however, has its value, and deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realises itself in some...commodity, which lasts for some time, at least after that labour is past. It is, as it were, a certain quantity of labour stocked and stored up, to be employed,...

...deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past. It is, as it were, a certain quantity of labour stocked and stored up to be employed,...

...value, may be called productive; the latter, unproductive labour." Productive labor "fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past. It is, as it were, a certain quantity of labour stocked and stored up to be employed,...

...later extraction. As he notes in The Wealth of Nations: "The labour of the manufacturer^^ and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past" (emphasis added). This image serves Smith well in drawing a distinction between productive...

...reward as well as that of the former. Сопя But the labour of the manufacturers fixes and realizes itself in some particular subject, or vendible commodity, which lasts for some time at least after that labour is past. It is, as it were, a certain quantity of labour stocked and stored up to be employed,...

...with that of Adam Smith, who designates as unproductive all labour 'which does not fix and realise itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past.'6 Mr. Mill, however, (in the Essays at least,) includes among productive labourers...

...deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past. It is, as it were, a certain quantity of labour stocked and stored up, to be employed,...

...is another which has no such effect." "The labor of the manufacturer," he adds, "fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after the labor is past. The labor of the menial servant, on the contrary" (to which the author compares...

...profit ; the labour of the menial servant, on the contrary, adds to the value of nothing. 1 The labour of the manufacturer fixes and realises itself in some particular subject or vendible commodity, wiich lasts, for some time at least, after that labovr is past; the labour of the menial servant, on...