Arbeitspapier
Exploitation as the unequal exchange of labour: An axiomatic approach
In subsistence economies with general convex technology and rational optimising agents, a new, axiomatic approach is developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation. Three main new axioms, called Labour Exploitation in Subsistence Economies, Relational Exploitation, and Feasibility of Non-Exploitation, are presented and it is proved that they uniquely characterise a definition of exploitation conceptually related to the so-called New-Interpretation (Duménil, 1980; Foley, 1982; Duménil at el., 2009), which focuses on the unequal distribution of (and control over) social labour, and on individual well-being freedom and the self-realisation of men. Then, the main results of Roemer's (1982, 1988) classical approach and all the crucial insights of exploitation theory are generalised, proving that every agent's class and exploitation status emerges in the competitive equilibrium, that there is a correspondence between an agent's class and exploitation status, and that the existence of exploitation is inherently linked to the existence of positive profits.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 655
- Klassifikation
-
Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Exchange and Production Economies
Existence and Stability Conditions of Equilibrium
Current Heterodox Approaches: Socialist; Marxian; Sraffian
- Thema
-
justice
exploitation
class
convex economies
Marxistische Arbeitstheorie
Gerechtigkeit
Gleichgewichtsstabilität
Sozialistische Wirtschaftstheorie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yoshihara, Naoki
Veneziani, Roberto
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen Mary University of London, Department of Economics
- (wo)
-
London
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Yoshihara, Naoki
- Veneziani, Roberto
- Queen Mary University of London, Department of Economics
Entstanden
- 2009
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