John Bellers definition of John Bellers in the Free Online Encyclopedia.

Bellers, John

Born 1654; died Feb. 8, 1725. English economist.

One of the early Utopian socialists, Bellers was characterized by K. Marx as “a veritable phenomenon in the history of Political Economy” (K. Marx and F. Engels, Soch., 2nd ed., vol. 23, p. 499, notes). He came close to the theory of surplus value with his assertion that the workers create more products through their labor than is necessary for their existence. In criticizing the mercantilists he saw that the source of wealth lies not in money but in labor. Bellers repeatedly proposed projects of social reform with the aim of ridding society of poverty and the inequality of property.

WORKS

John Bellers, 1654–1725: Quaker Economist and Social Reformer. His writings, reprinted with a memoir by A. Ruth Fry. London, 1935.

REFERENCES

Marx, K. Kapital, vol. 1.
Marx, K., and F. Engels. Soch., 2nd ed., vol. 23, pp. 499–500.
Beer, M. Istoriia sotsializma v Anglii, parts 1–2. Moscow-Petrograd, 1923–24. (Translated from German.)

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