Items related to The Distribution of the Produce (Classic Reprint)

The Distribution of the Produce (Classic Reprint) - Hardcover

James C. Smith

 
9780484619271: The Distribution of the Produce (Classic Reprint)

Synopsis

The book examines who really earns profits and how the value of industry is shared.

It explores the differences between capital, entrepreneurship, and labor, and how wages, interest, and rent fit into the total produce of society. Through clear definitions and examples, it explains why profits aren’t the same as interest or wages and how surplus value arises from cooperation in production.

The text frames a practical view of how value is created and divided. It shows how banks, landlords, and factory owners relate to workers, and it discusses the legal and social forces that shape who gets what from industrial activity. The discussion moves from basic ideas of capital and labor to broader questions about power, law, and social equity in an industrial economy.
  • Clear definitions of rent, interest, and profit, and how they relate to different kinds of capital.
  • An explanation of how the entrepreneur and the worker cooperate to produce surplus value.
  • Discussion of how wages, consumption, and income fit into the broader economy and policy context.
  • Thoughtful consideration of how power in capital shapes society and the law.
Ideal for readers of nonfiction about political economy, capital, and labor dynamics, and for anyone curious about how profits fit into the larger flow of wealth.

"synopsis" may belong to another edition of this title.