Arbeitspapier

A Progressive Report on Marxian Economic Theory: On the Controversies in Exploitation Theory since Okishio (1963)

This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the definition of exploitation since the contribution of Okishio (1963). The report first examines the robustness and economic implications of the debates on the Fundamental Marxian Theorem, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer (1982). Then, the more recent exploitation theory proposed by Vrousalis (2013) and Wright (2000) is introduced, before examining its economic implications using a simple economic model. Finally, the report introduces and comments on recent axiomatic studies of exploitation by focusing on the work of Veneziani and Yoshihara (2013a).

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2014-12

Classification
Wirtschaft
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Exchange and Production Economies
Subject
Fundamental Marxian Theorem
Property Relations Definition of Exploitation
Profit-Exploitation Correspondence Principle

Event
Geistige Schöpfung
(who)
Yoshihara, Naoki
Event
Veröffentlichung
(who)
University of Massachusetts, Department of Economics
(where)
Amherst, MA
(when)
2014

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Yoshihara, Naoki
  • University of Massachusetts, Department of Economics

Time of origin

  • 2014

Other Objects (12)