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).
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Gilibert, G. (2018). Classical Production Theories. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1445
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1445
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