Arbeitspapier
One million miles to go: taking the axiomatic road to defining exploitation
This paper analyses the Marxian theory of exploitation. A general axiomatic approach is developed which is appropriate to study the concept of exploitation - what it is and how it should be captured empirically. Two properties are presented that capture some fundamental Marxian insights. It is shown that, contrary to the received view, there exists a nonempty class of definitions of exploitation that preserve the relation between exploitation and profits - called Profit-Exploitation Correspondence Principle - in general economies with heterogeneous agents, complex class structures, and production technologies with heterogeneous labour inputs. However, among the main approaches, only the so-called New Interpretation satisfies the Profit-Exploitation Correspondence Principle in general.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2014-10
- Klassifikation
-
Wirtschaft
Current Heterodox Approaches: Socialist; Marxian; Sraffian
- Thema
-
Exploitation
profits
axiomatic analysis
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Veneziani, Roberto
Yoshihara, Naoki
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2014
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Veneziani, Roberto
- Yoshihara, Naoki
- University of Massachusetts, Department of Economics
Entstanden
- 2014
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