The Timing of Wage Payments, Historic Labor Costs, and Marx's Surplus Value Accounts of Exploitation
AbstractThis paper re-examines Marx's exploitation theory based on his index of surplus value, identified with the outcome of the labor exchange between workers and capitalists. It is found that the magnitude of Marxian exploitation, and sometimes also its algebraic sign, depend on the timing of wage payments, specified by the labor contract. Implications for Marx's doctrine are discussed.
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Bibliographic InfoPaper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 96c03.
Length: 28 pages
Date of creation: 1996
Date of revision:
Contact details of provider:
Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
Web page: http://www.greqam.fr/
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