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Testing the Existence and Measuring the magnitude of Unequal Exchange Resulting from International Trade: A Marxian Approach

Author

Listed:
  • George Gheverghese Joseph

    (university of Manchester)

  • Mark Tomlinson

    (university of Manchester)

Abstract

Unequal exchange is seen as an extension of the transformation of labour values to production prices as encountered in the traditional Marxist analysis. The deviation between price and value is identified as a symptom as well as a cause of unequal exchange. The view that developed countries export less value to the their less developed trading partners provides an empirical content to the theory of unequal exchange. We attempt to develop a model which is useful for testing whether unequal exchange exists and if so, how the magnitude of surplus value transfers can be measured.

Suggested Citation

  • George Gheverghese Joseph & Mark Tomlinson, 1991. "Testing the Existence and Measuring the magnitude of Unequal Exchange Resulting from International Trade: A Marxian Approach," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 26(2), pages 123-148, July.
    • Handle: RePEc:dse:indecr:v:26:y:1991:i:2:p:123-148
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    Cited by:

    1. Amavilah, Voxi Heinrich, 2017. "The African origins of Euro-American development: Pins on an empirical roadmap," MPRA Paper 79925, University Library of Munich, Germany.
    2. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.

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