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Quotation from Religion and the Rise of Capitalism by R. H. Tawney
“The true descendant of the doctrines of Aquinas is the labor theory of value. The last of the Schoolmen was Karl Marx.”
Religion and the Rise of Capitalism, Ch. I, The Medieval Background, sec. 1, The Social Organism (Project Gutenberg #71223 (Harcourt, Brace, 1926))
Tawney notes that the medieval view that payment is due to those who labour and serve the common need survives in the nineteenth-century labour theory of value.
Citation: "The true descendant of the doctrines of Aquinas is the labor theory of value. The last of the Schoolmen was Karl Marx." — R. H. Tawney, Religion and the Rise of Capitalism, Ch. I, The Medieval Background, sec. 1, The Social Organism (Project Gutenberg #71223 (Harcourt, Brace, 1926)). (id tawney-religion-and-the-rise-of-capitalism-q1)
