Accumulation capital smith


Of the Accumulation of Capital, or of Productive and Unproductive Labour Smith distinguishes between two types of labor that he calls "productive" and "unproductive" labor. For example, a manufacturer performs productive labor by adding value to the objects that he/she is creating. in the accumulation of capital Smith saw a vast benefit to society. For capital -- if put to use in machinery -- provided just that wonderful division of labor which multiplies man's productive... of the capital accumulation in the capitalist system makes this subject one of the most debatable issues in the economic literature.Moreover,the effects of the capital accumulation are some of the most important struggles of the economists who purpose to make the capitalist system continue.At the same time,the capital accumulation is an ...