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The Genesis of the Transformation Problem

Cosmopod

CHAPTER

The Evolution of Economic Value in Capitalist Society

This chapter examines the transition from agrarian economies to industrial capitalism in the 17th and 18th centuries, highlighting urban migration and the emergence of mass production. Influential thinkers like Sir William Petty, John Locke, David Hume, and Adam Smith shaped the classical political economy, redefining labor and value in response to this new economic paradigm.

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