The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Classical Production Theories

  • Giorgio Gilibert
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1445

Abstract

A theory of production cannot be said to have existed before the middle of the 18th century. The very word production was previously used in its narrow etymological sense (from the Latin producere, to bring forth) of giving birth to new material objects; and it was therefore normally confined to the fruits of the earth. ‘When we speak of it’, writes Daniel Defoe, ‘as the Effect of Nature ‘tis Product or Produce; when as the Effect of Labour ‘tis Manufacture’ (1728, p. 1).

Keywords

Advances Agriculture Babbage, C. Capital accumulation Circular flow Classical economics Classical production theories Division of labour Factory system Increasing returns Industrial Revolution Marginal revolution Marx, K. H. Net product Physiocracy Production Productive and Unproductive Inputs Quesnay, F. Rent Ricardo, D. Smith, A. Stationary State Surplus Technical change Tugan-Baranovsky, M. I. Ure, W. 
This is a preview of subscription content, log in to check access

Bibliography

  1. Babbage, C. 1832. On the economy of machine and manufactures. London: Knight.Google Scholar
  2. De Quincey, T. 1844. The logic of political economy. In Collected writings, ed. D. Masson, vol. 9. London: Black, 1897.Google Scholar
  3. Defoe, D. 1728. A plan of the English commerce. Oxford: Blackwell, 1928.Google Scholar
  4. Marx, K. 1859. Zur Kritik der politischen Ökonomie. In Marx-Engels Gesamtausgabe, vol. 2, pt. II. Berlin: Dietz, 1980.Google Scholar
  5. Marx, K. 1867. Das Kapital, vol. 1. In Marx-Engels Gesamtausgabe, vol. 2, pt. V. Berlin: Dietz, 1983.Google Scholar
  6. Mill, J. 1821. Elements of Political Economy. London: Baldwin.Google Scholar
  7. Mill, J.S. 1848. Principles of political economy. Ed. J.M. Robson. Toronto: University of Toronto Press, 1965.Google Scholar
  8. Neurath, O. 1921. Durch die Kriegswirtschaft zur Naturalwirtschaft. Munich: Callway.Google Scholar
  9. Petty, W. 1683. Another essay on political arithmetick. In Economic writings of Sir William Petty, ed. C.H. Hull, vol. 2. Cambridge: Cambridge University Press, 1899.Google Scholar
  10. Quesnay, F. 1759. Tableau économique. Ed. M. Kuczynski and R. Meek. London: Macmillan, 1972.Google Scholar
  11. Ricardo, D. 1815. An essay on the influence of a low price of corn. In The works and correspondence of David Ricardo, ed. P. Sraffa, vol. 4. Cambridge: Cambridge University Press, 1951.Google Scholar
  12. Ricardo, D. 1817. Principles of political economy. In The works and correspondence of David Ricardo, ed. P. Sraffa, vol. 1. Cambridge: Cambridge University Press, 1951b.Google Scholar
  13. Smith, A. 1776. An inquiry into the nature and causes of the wealth of nations. Ed. R.H. Campbell, A.S. Skinner and W.B. Todd. Oxford: Clarendon Press, 1976.Google Scholar
  14. Torrens, R. 1821. An essay on the production of wealth. London: Longman, Hurst, Rees, Orme & Brown.Google Scholar
  15. Tugan-Baranovsky, M. 1905. Theoretische Grundlagen des Marxismus. German Trans. Leipzig: Duncker & Humblot.Google Scholar
  16. Ure, A. 1835. The philosophy of manufactures. London: Knight.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Giorgio Gilibert
    • 1
  1. 1.