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To each according to his contribution" is a principle of distribution considered to be one of the defining features of socialism. It refers to an arrangement whereby individual compensation is representative of one's contribution to the social product (total output of the economy) in terms of effort, labor and productivity. [1]
As a result, the company went bankrupt within four years. In Margaret Atwood 's 1985 novel The Handmaid's Tale , members of a dystopian society recited the phrase thrice daily. [ 21 ] Notably the phrase is altered to read "From each according to her ability; to each according to his need", demonstrating a perversion of the phrase's original ...
Wood notes that Locke is not actually concerned with the act of labor or improving the use value of property, but rather is focused on the creation of exchange value as the basis of property. [16] For one thing, it turns out that there is no direct correspondence between labour and property, because one man can appropriate the labour of another.
Ministers have given varying descriptions of group they have pledged not to raise taxes on
If labour produces useless products or results, it is simply a waste of labour-time and difficult or impossible to sell them. So, Marx argues that human work is both (1) an activity which, by its useful effect, helps to create particular kinds of products, and (2) in an economic sense a value-forming activity that, if it is productively applied ...
/15 - "The labor movement is organized upon a principle that the strong shall help the weak. The strength of a strong man is a prideful thing, but the unfortunate thing in life is that strong men do not remain strong. And it is just as true of unions and labor organizations as it is true of men and individuals.
The track of scientific research around employee recognition and motivation was constructed on the foundation of early theories of behavioral science and psychology. [3] The earliest scientific papers on employee recognition have tended to draw upon a combination of needs-based motivation (for example, Hertzberg 1966; Maslow 1943) theories and reinforcement theory (Mainly Pavlov 1902; B.F ...
The labor theory of value (LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of "socially necessary labor" required to produce it. The contrasting system is typically known as the subjective theory of value .