Class and Exploitation in General Convex Cone Economies

This file is part of IDEAS, which uses RePEc data

Class and Exploitation in General Convex Cone Economies

Author Info

Naoki Yoshihara

Additional information is available for the following registered author(s):

Naoki Yoshihara

Abstract

In this paper, we examine what appropriate formulations for labor exploitation are, in order to explain the emergence of class and exploitation status in capitalist economies. Given the well-known controversy on plausible formulations for labor exploitation in joint production economies, we propose an axiom, Axiom for Labor Exploitation (LE), which every formulation of labor exploitation should satisfy to be considered eMarxian.f Using this axiom, the necessary and sufficient condition for plausible formulations of Marxian exploitation is characterized to verify Class-Exploitation Correspondence Principle (CECP) [Roemer (1982)]. According to this, if some labor exploitation formulations, such as the well-known formulations of Morishima (1974) and Roemer (1982; Chapter 5) are applied, CECP no longer holds in general convex cone economies. Based upon this argument, we propose two new definitions of labor exploitation, each of which verifies CECP as well as Fundamental Marxian Theorem (FMT).

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Publisher Info
Paper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a489.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: Jan 2007
Date of revision:
Handle: RePEc:hit:hituec:a489

Contact details of provider:
Postal: 2-1 Naka, Kunitachi City, Tokyo 186
Phone: +81-42-580-8327
Fax: +81-42-580-8333
Email:
Web page: http://www.ier.hit-u.ac.jp/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Hiromichi Miyake).

Other versions of this item:

Find related papers by JEL classification:
P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health, Education, Welfare, and Poverty
R12 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
R23 - Urban, Rural, and Regional Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-11-24 (All new papers)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Petri, Fabio, 1980. "Positive Profits without Exploitation: A Note on the Generalized Fundamental Marxian Theorem," Econometrica, Econometric Society, vol. 48(2), pages 531-33, March. [Downloadable!] (restricted)
Morishima, Michio, 1974. "Marx in the Light of Modern Economic Theory," Econometrica, Econometric Society, vol. 42(4), pages 611-32, July. [Downloadable!] (restricted)
Veneziani, Roberto, 2007. "Exploitation and time," Journal of Economic Theory, Elsevier, vol. 132(1), pages 189-207, January. [Downloadable!] (restricted)
Roemer, John E, 1982. "Origins of Exploitation and Class: Value Theory of Pre-Capitalist Economy," Econometrica, Econometric Society, vol. 50(1), pages 163-92, January. [Downloadable!] (restricted)
Naoki Yoshihara, 2006. "Reexamination of the Marxian Exploitation Theory," Discussion Paper Series a481, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
Roemer, John E, 1980. "A General Equilibrium Approach to Marxian Economics," Econometrica, Econometric Society, vol. 48(2), pages 505-30, March. [Downloadable!] (restricted)
Flaschel, Peter, 1983. "Actual Labor Values in a General Model of Production," Econometrica, Econometric Society, vol. 51(2), pages 435-54, March. [Downloadable!] (restricted)

Full references

Statistics
Access and download statistics

Did you know? The yearly budget of IDEAS is exactly $0: it relies entirely on volunteer work.

This page was last updated on 2009-11-25.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.