Exploitation as the Unequal Exchange of Labour: An Axiomatic Approach
In subsistence economies with general convex technology and rational optimising agents, a new, axiomatic approach is developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation. Three main new axioms, called Labour Exploitation in Subsistence Economies , Relational Exploitation , and Feasibility of Non-Exploitation , are presented and it is proved that they uniquely characterise a definition of exploitation conceptually related to the so-called "New-Interpretation" (Dum�nil, 1980; Foley, 1982; Dum�nil at el., 2009), which focuses on the unequal distribution of (and control over) social labour, and on individual well-being freedom and the self-realisation of men. Then, the main results of Roemer's (1982, 1988) classical approach and all the crucial insights of exploitation theory are generalised, proving that every agent's class and exploitation status emerges in the competitive equilibrium, that there is a correspondence between an agent's class and exploitation status, and that the existence of exploitation is inherently linked to the existence of positive profits.
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"Strong Subjectivism in the Marxian Theory of Exploitation: A Critique,"
Discussion Paper Series
a523, Institute of Economic Research, Hitotsubashi University.
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"Wealth, Exploitation and Labor Discipline in the Contemporary Capitalist Economy,"
ISER Discussion Paper
0405, Institute of Social and Economic Research, Osaka University.
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30288, University Library of Munich, Germany.
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"Class and Exploitation in General Convex Cone Economies,"
Discussion Paper Series
a489, Institute of Economic Research, Hitotsubashi University.
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- 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.
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- Simon Mohun, 2004. "The Labour Theory of Value as Foundation for Empirical Investigations," Metroeconomica, Wiley Blackwell, vol. 55(1), pages 65-95, 02.
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