When labour and capital don't mix

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When labour and capital don't mix

机译：当劳动力和资本不融合时

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Employees who invest in their company's shares solve two problems, in theory. They resolve the issue of agency costs that arises between shareholders and the people hired to work on their behalf. And, more narrowly, they reap the benefits of capital appreciation, a fundamental component of capitalism.rnThe results can be spectacular. America is filled with tales of people who held jobs as cash-register clerks at Wal-Mart, or on the diaper-making line at Procter & Gamble, who survived on their wages but have made fortunes through steady accumulation of company stock in retirement plans.

机译：从理论上讲，投资公司股份的员工可以解决两个问题。他们解决了股东与受雇代表他们工作的人之间产生的代理费用问题。而且，从更狭窄的意义上讲，它们从资本增值中获益，资本增值是资本主义的基本组成部分。结果可能是惊人的。美国的故事充满了人们的故事，这些人在沃尔玛或宝洁公司的尿布生产线担任收银员，他们靠工资生存，但通过退休计划中公司股票的稳定积累而发了大财。。

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《The economist》 |2001年第8252期|60|共1页
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正文语种 eng
中图分类经济;各科经济学;
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7. This note explores Smith’s employment of the concept of ‘productive labour’, a concept which commentators have frequently found problematic. We suggest that Smith’s difficulty in formulating a satisfactory definition of ‘productive labour’ stems from the fact that he seems to have had in mind - and to have tried to combine - two different (but only independently valid), concepts of productive labour: one (anticipating Marx) in respect of labour whose employment yields surplus value to the capitalist, the other (presaging Sraffa) focusing on labour employed in certain necessary or ‘basic’ industries within the economy. [O] . Roy Grieve 100

机译：本文探讨了史密斯对“生产劳动”概念的运用，这是评论家经常发现问题的概念。我们认为，史密斯在制定一个令人满意的“生产劳动”定义方面存在困难，这源于他似乎已经考虑到并试图结合两种不同（但只是独立有效）的生产劳动概念：（期待马克思）就劳动而言，劳动的就业为资本家带来剩余价值，另一方（预测sraffa）则关注经济中某些必要或“基本”产业所使用的劳动力。

When labour and capital don't mix

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