Labor, as described by William Petty, the pioneer of political economics, is the father of material wealth and the earth is its mother. This statement effectively underscores the fundamental role of these two factors in production and development. Although originally proposed within the context of traditional agricultural societies, it remains applicable to the Chinese rural economy during its transitional phase.

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Rural Employment

  • Qinghua Shi

摘要

Labor, as described by William Petty, the pioneer of political economics, is the father of material wealth and the earth is its mother. This statement effectively underscores the fundamental role of these two factors in production and development. Although originally proposed within the context of traditional agricultural societies, it remains applicable to the Chinese rural economy during its transitional phase.