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Adam smith 
The following paper attempts to analyze the labor theory of value from the perspective of three different authors. In chronological order, we will address first this notion from thetheories developed by two of the greatest exponents of the so-called "Classical Economics": Adam Smith (1723 - 1790, Scottish economist) and David Ricardo (1772 - 1823, English economist) and thenconsider the same issue discussed from the perspective of Karl Marx's thought (1818 - 1883, philosopher, sociologist, economist and social thinker) making a comparison between the two streams of economicthought.
            Before analyzing the concept that Scottish economist had the concept of value, characterized by a very general way his economic thinking. In his seminal work, An Inquiry into theNature and Causes of the Wealth of Nations, Smith seeks to explain economic growth based on the concept of "division of labor," which will be the market regulator. The specialization of labor leads toan increase in productivity that allows the accumulation of wealth. However, only those production-oriented economies for the exchange are the beneficiaries, as the subsistence economies can notgenerate these innovations that raise the level of production. 
            Smith draws a distinction between activities that were useful and productive, and those that were not. In his theory, productivejobs were those who, they result in the production of tangible objects, which would allow accumulation. 
generated a "surplus" that could re-invest in the future. 
From this perspective, activitiessuch as those which provide services are not regarded as productive, as government activities. Smith did not deny that these activities were necessary, but stressed that did not contribute to theenrichment of society. 
Then go into the analysis of the conception of the value of Adam Smith. Given the importance that the market has in its economic model, it is very important to find the way down...