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Value and Exploitation in a Capitalist Space Economy

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  • Eric Sheppard

    (Department of Geography, University of Minnesota, Minneapolis, Minnesota 55455 USA)

Abstract

A Marxian model of production relations applicable to a space economy, partitioned into regions, is described. The aspatial, "Fundamental Maxian Theorem" is then extended to the regional system. It is shown that the maximum regional exploitation rate exceeds the profit rate in the aggregate economy. Class conflicts and alliances are then considered in light of variable exploitation rates across regions.

Suggested Citation

  • Eric Sheppard, 1984. "Value and Exploitation in a Capitalist Space Economy," International Regional Science Review, , vol. 9(2), pages 97-107, November.
    • Handle: RePEc:sae:inrsre:v:9:y:1984:i:2:p:97-107
    DOI: 10.1177/016001768400900201
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    References listed on IDEAS

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    1. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720.
    2. Paul A. Samuelson, 1966. "A Summing Up," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(4), pages 568-583.
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