Classifier Instance:

Anchor text: Benjamin Franklin
Target Entity: Benjamin_Franklin
Preceding Context: Scholastic philosophers like St. Thomas Aquinas, based on Aristotle's theories, produced early labour values theories. Some writers (including Bertrand Russell and Karl Marx) think the labour theory of value can be traced back to him. In his Summa Theologiae, he expresses that "... value can, does and should be increase in relation to the amount of labor which has been expended in the improvement of commodities".
Succeeding Context: in his 1729 essay entitled "A Modest Enquiry into the Nature and Necessity of a Paper Currency" is sometimes credited (including by Karl Marx) with originating the concept in its modern form. However, the theory has been traced back to Treatise of Taxes, written in 1662 by Sir William Petty and to John Locke's notion, set out in the Second Treatise on Government (1689), that property derives from labour through the act of "mixing" one's labour with items in the common store of goods, though this has alternatively been seen as a labour theory of property. Other writers (including Joseph Schumpeter) have traced back the concept even further to Ibn Khaldun, who in his Muqaddimah (1377), described labour as the source of value, necessary for all earnings and capital accumulation, obvious in the case of craft. He argued that even if earning “results from something other than a craft, the value of the resulting profit and acquired (capital) must (also) include the value of the labour by which it was obtained. Without labour, it would not have been acquired.”
Paragraph Title: The birth of the LTV
Source Page: Labor theory of value

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