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The dynamics of exploitation and class in accumulation conomies

Author

Listed:
  • Jonathan F. Cogliano

    (Dickinson College)

  • Roberto Veneziani

    (Queen Mary University of London)

  • Naoki Yoshihara

    (Hitotsubashi University)

Abstract

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.

Suggested Citation

  • Jonathan F. Cogliano & Roberto Veneziani & Naoki Yoshihara, 2015. "The dynamics of exploitation and class in accumulation conomies," Working Papers SDES-2015-4, Kochi University of Technology, School of Economics and Management, revised Jan 2015.
  • Handle: RePEc:kch:wpaper:sdes-2015-4
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    File URL: http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2015-4.pdf
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    References listed on IDEAS

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    24. repec:ums:papers:2014-010 is not listed on IDEAS
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    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Jonathan F Cogliano, 2023. "Marx’s equalised rate of exploitation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 47(1), pages 133-169.
    2. Jonathan F Cogliano & Roberto Veneziani & Naoki Yoshihara, 2024. "The dynamics of international exploitation," Environment and Planning A, , vol. 56(5), pages 1420-1446, August.
    3. Yoshihara, Naoki & Veneziani, Roberto, 2023. "The general equilibrium effects of localised technological progress: A Classical approach," Journal of Mathematical Economics, Elsevier, vol. 109(C).
    4. Cogliano, Jonathan F. & Kaneko, Soh & Veneziani, Roberto & Yoshihara, Naoki, 2020. "International Exploitation, Capital Export, and Unequal Exchange," Discussion Paper Series 718, Institute of Economic Research, Hitotsubashi University.
    5. Jonathan F. Cogliano & Roberto Veneziani & Naoki Yoshihara, 2022. "Computational methods and classical‐Marxian economics," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 310-349, April.
    6. Jonathan F. Cogliano & Roberto Veneziani & Naoki Yoshihara, 2019. "Exploitation, skills, and inequality," Review of Social Economy, Taylor & Francis Journals, vol. 77(2), pages 208-249, April.
    7. Jonathan F. Cogliano and Roberto Veneziani, 2024. "Classical Competition and Equilibrium: An Agent-Based Analysis," Working Papers 2024-01, University of Massachusetts Boston, Economics Department.
    8. Galanis, Giorgos & Veneziani, Roberto & Yoshihara, Naoki, 2016. "Growth, Exploitation and Class Inequalities," Discussion Paper Series 636, Institute of Economic Research, Hitotsubashi University.
    9. Gilbert L. Skillman, 2017. "Marx’s Capital through the lens of Roemer’s General Theory (and vice-versa)," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(3), pages 423-443, December.
    10. Emiliano Brancaccio & Mauro Gallegati & Raffaele Giammetti, 2022. "Neoclassical influences in agent‐based literature: A systematic review," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 350-385, April.
    11. Gilbert L. Skillman, 2022. "The Nash bargaining solution in labor market analysis," Metroeconomica, Wiley Blackwell, vol. 73(3), pages 884-899, July.
    12. Jonathan F. Cogliano, 2017. "Surplus Value Production and Realization in Marxian Theory - Applications to the U.S., 1987-2015," Working Paper Series 2017-01, Dickinson College, Department of Economics.
    13. Jonathan F. Cogliano & Roberto Veneziani, 2023. "Classical Competition and Equilibrium: An Agent-Based Analysis," Working Papers 977, Queen Mary University of London, School of Economics and Finance.

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    More about this item

    Keywords

    Exploitation; class; accumulation; simulation;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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