The views of William Petty for labor, labor relations and the labor market

William Petty was the first major classical economist who was one of the first scientists to express his thoughts on the significance of labour for the growth and accumulation of the country's wealth. «Labour is the father of wealth, and the earth is his mother», probably, this statement of W. Petty is known to every economist in the whole world. His pioneering views rightly served for the fact that W. Petty, by right, is considered a pioneer in many areas of economics. This is the theory of labour value, the theory of taxes, the theory of statistics, etc.