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The dynamics of exploitation and class in accumulation conomies

Listed author(s):
  • Jonathan F. Cogliano

    ()

    (Dickinson College)

  • Roberto Veneziani

    ()

    (Queen Mary University of London)

  • Naoki Yoshihara

    ()

    (Hitotsubashi University)

This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with population growth, technical change, and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are investigated, and the role of labour-saving technical change and, even more importantly, power is highlighted. Second, it is shown that the concept of exploitation provides the foundations for a logically coherent and empirically relevant analysis of inequalities and class relations in advanced capitalist economies. An index that identifies the exploitation level, or intensity of each individual can be defined and its empirical distribution studied using the standard tools developed in the theory of inequality measurement.

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File URL: http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2015-4.pdf
File Function: First version, 2015
Download Restriction: no

Paper provided by Kochi University of Technology, School of Economics and Management in its series Working Papers with number SDES-2015-4.

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Length: 58 pages
Date of creation: Jan 2015
Date of revision: Jan 2015
Publication status: Published in SDE Series, January 2015, pages 1-58
Handle: RePEc:kch:wpaper:sdes-2015-4
Contact details of provider: Phone: 81-887572764
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Web page: http://www.souken.kochi-tech.ac.jp/seido/index.html

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  1. Skillman, Gilbert L., 1995. "Ne Hic Saltaveris: The Marxian Theory of Exploitation After Roemer," Economics and Philosophy, Cambridge University Press, vol. 11(02), pages 309-331, October.
  2. Gérard Duménil & Duncan Foley & Dominique Lévy, 2009. "A Note On The Formal Treatment Of Exploitation In A Model With Heterogenous Labor," Metroeconomica, Wiley Blackwell, vol. 60(3), pages 560-567, 07.
  3. Roberto Veneziani, 2013. "Exploitation, inequality and power," Journal of Theoretical Politics, , vol. 25(4), pages 526-545, October.
  4. Yoshihara, Naoki, 2010. "Class and exploitation in general convex cone economies," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 281-296, August.
  5. Yoshihara, Naoki & Veneziani, Roberto, 2009. "Exploitation as the Unequal Exchange of Labour : An Axiomatic Approach," Discussion Paper Series a524, Institute of Economic Research, Hitotsubashi University.
  6. Veneziani, Roberto & Yoshihara, Naoki, 2014. "One Million Miles to Go: Taking the Axiomatic Road to Defining Exploitation," Discussion Paper Series 615, Institute of Economic Research, Hitotsubashi University.
  7. Veneziani, Roberto, 2007. "Exploitation and time," Journal of Economic Theory, Elsevier, vol. 132(1), pages 189-207, January.
  8. Ian Wright, 2011. "Classical macrodynamics and the labor theory of value," Open Discussion Papers in Economics 76, The Open University, Faculty of Social Sciences, Department of Economics.
  9. Ian Wright, 2011. "Convergence to natural prices in simple production," Open Discussion Papers in Economics 75, The Open University, Faculty of Social Sciences, Department of Economics.
  10. Simon Mohun, 2004. "The Labour Theory of Value as Foundation for Empirical Investigations," Metroeconomica, Wiley Blackwell, vol. 55(1), pages 65-95, 02.
  11. Peter Skott & Frederick Guy, 2007. "Power, productivity and profits," UMASS Amherst Economics Working Papers 2007-02, University of Massachusetts Amherst, Department of Economics.
  12. Peter Flaschel & Reiner Franke & Roberto Veneziani, 2013. "Labour productivity and the law of decreasing labour content," Cambridge Journal of Economics, Oxford University Press, vol. 37(2), pages 379-402.
  13. repec:ums:papers:2014-010 is not listed on IDEAS
  14. Ian Wright, 2008. "The Emergence of the Law of Value in a Dynamic Simple Commodity Economy," Review of Political Economy, Taylor & Francis Journals, vol. 20(3), pages 367-391.
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