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Uncertainty and exploitation in history

Listed author(s):
  • Engelbert Stockhammer

    ()

    (Department of Economics, Vienna University of Economics & B.A.)

  • Paul Ramskogler

    ()

    (Department of Economics, Vienna University of Economics & B.A.)

The paper builds on the Marxist concept of exploitation to explore the meaning of the Post Keynesian notion of uncertainty. Uncertainty is mediated by institutions and is distributed unevenly among different social groups. As different historical social formations entail different institutional structures, the distribution and nature of uncertainty also differ. The configurations between class relations and uncertainty are analyzed for the capitalist, feudal and slave modes of production. It is demonstrated that modes of production do not only imply specific exploitative relations but also different relative distributions of uncertainty amongst classes. Joining Marxian and Post Keynesian approaches allows a richer understanding of exploitive relations and illuminates the full societal impact of uncertainty. It is shown that only in capitalism is the exploited class exposed to a substantial degree of economic uncertainty.

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File URL: http://www.wu-wien.ac.at/inst/vw1/papers/wu-wp104.pdf
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Paper provided by Vienna University of Economics and Business, Department of Economics in its series Department of Economics Working Papers with number wuwp104.

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Date of creation: Apr 2007
Handle: RePEc:wiw:wiwwuw:wuwp104
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Web page: http://www.wu.ac.at/economics/en

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  1. Wehinger, Gert D., 1997. ": Exchange rate-based stabilization. Pleasant monetary dynamics?," WU Library - ePub - Series 005 356, WU Library - ePub.
  2. Wilfried Altzinger, 1998. "Austria's Foreign Direct Investment in Central and Eastern Europe: 'Supply Based' or 'Market Driven'?," Department of Economics Working Papers wuwp057, Vienna University of Economics and Business, Department of Economics.
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  4. Christian Ragacs & Thomas Steinberger & Martin Zagler, 1998. "Growth Theories and the Persistence of Output Fluctuations: The Case of Austria," Department of Economics Working Papers wuwp060, Vienna University of Economics and Business, Department of Economics.
  5. Zagler, Martin, 1996. ": Long-run monetary non-neutrality in a model of endogenous growth," WU Library - ePub - Series 005 470, WU Library - ePub.
  6. Douglas Vickers, 1992. "The Investment Function: Five Propositions in Response to Professor Gordon," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 14(4), pages 445-464, July.
  7. Leopold Soegner, 1998. "Regulation of a Complementary Imputed Good in a Competitive Environment," Department of Economics Working Papers wuwp056, Vienna University of Economics and Business, Department of Economics.
  8. Christian Bellak, 1999. "Explaining Foreign Ownership By Comparative and Competitive Advantage: Empirical Evidence," Department of Economics Working Papers wuwp062, Vienna University of Economics and Business, Department of Economics.
  9. Heise, Arne, 2000. ": Postkeynesianische Beschäftigungstheorie. Einige prinzipielle Überlegungen," WU Library - ePub - Series 005 1246, WU Library - ePub.
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  11. Grandner, Thomas, 1998. ": Market shares of price setting firms and trade unions," WU Library - ePub - Series 005 236, WU Library - ePub.
  12. Dieter Gstach, 2003. "A Statistical Framework for Estimating Output-Specific Efficiencies," Department of Economics Working Papers wuwp083, Vienna University of Economics and Business, Department of Economics.
  13. Klausinger, Hansjörg, 2000. ": Walras' law and the IS-LM model. A tale of progress and regress," WU Library - ePub - Series 005 1326, WU Library - ePub.
  14. Grandner, Thomas, 2000. ": A note on unionized firms' incentive to integrate vertically," WU Library - ePub - Series 005 1276, WU Library - ePub.
  15. Ragacs, Christian, 2002. ": Minimum wages, human capital, employment and growth," WU Library - ePub - Series 005 224, WU Library - ePub.
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  18. Grandner, Thomas, 1996. ": Is wage-leadership an instrument to coordinate unions' wage-policy? The case of imperfect product markets," WU Library - ePub - Series 005 58, WU Library - ePub.
  19. Dieter Gstach & Thomas Grandner, 1998. "Restricted Immigration in a Two-Sector Economy," Department of Economics Working Papers wuwp055, Vienna University of Economics and Business, Department of Economics.
  20. Hansjoerg Klausinger, 2000. "Walras' Law and the IS-LM Model. A Tale of Progress and Regress," Department of Economics Working Papers wuwp069, Vienna University of Economics and Business, Department of Economics.
  21. Ragacs, Christian & Zagler, Martin, 1997. ": Economic policy in a model of endogenous growth," WU Library - ePub - Series 005 1154, WU Library - ePub.
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  24. Wilfried Altzinger, 1996. "Beschäftigungseffekte des österreichischen Osthandels," Department of Economics Working Papers wuwp034, Vienna University of Economics and Business, Department of Economics.
  25. Engelbert Stockhammer, 2000. "Explaining European Unemployment: Testing the NAIRU Theory and a Keynesian Approach," Department of Economics Working Papers wuwp068, Vienna University of Economics and Business, Department of Economics.
  26. Grandner, Thomas, 2000. ": Optimal contracts for vertically connected, unionized duopolies," WU Library - ePub - Series 005 1588, WU Library - ePub.
  27. Martin Zagler, 1996. "Long-Run Monetary Non-Neutrality in a Model of Endogenous Growth," Department of Economics Working Papers wuwp037, Vienna University of Economics and Business, Department of Economics.
  28. Altzinger, Wilfried, 1998. ": Austria's foreign direct investment in Central and Eastern Europe. "supply based" or "market driven"?," WU Library - ePub - Series 005 1566, WU Library - ePub.
  29. Arne Heise, 2000. "Postkeynesianische Beschäftigungstheorie. Einige Prinzipielle Überlegungen," Department of Economics Working Papers wuwp072, Vienna University of Economics and Business, Department of Economics.
  30. Thomas Grandner, 1996. "Is Wage-Leadership an Instrument to Coordinate Union's Wage-Policy? The Case of Imperfect Product Markets," Department of Economics Working Papers wuwp042, Vienna University of Economics and Business, Department of Economics.
  31. Dieter Gstach, 1996. "A new approach to stochastic frontier estimation: DEA+," Department of Economics Working Papers wuwp039, Vienna University of Economics and Business, Department of Economics.
  32. Altzinger, Wilfried, 1995. ": Beschäftigungseffekte des österreichischen Osthandels. 1989 - 1994," WU Library - ePub - Series 005 570, WU Library - ePub.
  33. Bernhard Mahlberg & Thomas Url, "undated". "Effects of the Single Market on the Austrian Insurance Industry," WIFO Working Papers 97, WIFO.
  34. Engelbert Stockhammer, 1999. "Robinsonian and Kaleckian Growth. An Update on Post-Keynesian Growth Theories," Department of Economics Working Papers wuwp067, Vienna University of Economics and Business, Department of Economics.
  35. Klausinger, Hansjörg, 2002. ": Walras' Law in stochastic macro models. The example of the optimal monetary instrument," WU Library - ePub - Series 005 914, WU Library - ePub.
  36. Bellak, Christian, 2000. ": The investment development path of Austria," WU Library - ePub - Series 005 1156, WU Library - ePub.
  37. Arne Heise, 2000. "Theorie optimaler Lohnräume. Zur Lohnpolitik in der Europäischen Währungsunion," Department of Economics Working Papers wuwp073, Vienna University of Economics and Business, Department of Economics.
  38. Harald Katzmair, 1999. "Der Modellbegriff in den Sozialwissenschaften. Zum Programm einer kritischen Soziologik," Department of Economics Working Papers wuwp064, Vienna University of Economics and Business, Department of Economics.
  39. Sögner, Leopold, 1998. ": Regulation of a complementary imputed good in an competitive environment," WU Library - ePub - Series 005 128, WU Library - ePub.
  40. Gstach, Dieter, 2003. ": A statistical framework for estimating output-specific efficiencies," WU Library - ePub - Series 005 354, WU Library - ePub.
  41. Munduch, Gerhard & Pfister, Alexander & Sögner, Leopold & Stiassny, Alfred, 2002. ": Estimating marginal costs for the Austrian railway system," WU Library - ePub - Series 005 854, WU Library - ePub.
  42. Thomas Grandner, 2000. "A Note on Unionized Firms' Incentive to Integrate Vertically," Department of Economics Working Papers wuwp070, Vienna University of Economics and Business, Department of Economics.
  43. Hansjoerg Klausinger, 1997. "Die Alternativen zur Deflationspolitik Brünings im Lichte zeitgenössischer Kritik," Department of Economics Working Papers wuwp049, Vienna University of Economics and Business, Department of Economics.
  44. Gert Wehinger, 1997. "Exchange Rate-Based Stabilization: Pleasant Monetary Dynamics?," Department of Economics Working Papers wuwp050, Vienna University of Economics and Business, Department of Economics.
  45. Bellak, Christian, 1999. ": Explaining foreign ownership by comparative and competitive advantage. Empirical evidence," WU Library - ePub - Series 005 96, WU Library - ePub.
  46. Hansjoerg Klausinger, 1999. "The Stability of Full Employment. A Reconstruction of Chapter 19-Keynesianism," Department of Economics Working Papers wuwp063, Vienna University of Economics and Business, Department of Economics.
  47. Gstach, Dieter, 1998. ": Technical efficiency in noisy multi-output settings," WU Library - ePub - Series 005 1282, WU Library - ePub.
  48. Gerhard Munduch & Alexander Pfister & Leopold Sögner & Alfred Stiassny, 2002. "Estimating Marginal Costs for the Austrian Railway System," Department of Economics Working Papers wuwp078, Vienna University of Economics and Business, Department of Economics.
  49. Arne Heise, 2001. "Das Konzept einer nachhaltigen Finanzpolitik aus heterodoxer Sicht - ein Diskussionsbeitrag," Department of Economics Working Papers wuwp076, Vienna University of Economics and Business, Department of Economics.
  50. Ragacs, Christian & Steinberger, Thomas & Zagler, Martin, 1998. ": Growth theories and the persistence of output fluctuations. The case of Austria," WU Library - ePub - Series 005 212, WU Library - ePub.
  51. Katzmair, Harald, 1999. ": Der Modellbegriff in den Sozialwissenschaften. Zum Programm einer kritischen Sozio-Logik," WU Library - ePub - Series 005 968, WU Library - ePub.
  52. Rumler, Fabio, 1999. ": Computable general equilibrium modeling. Numerical simulations in a 2-country monetary general equilibrium model," WU Library - ePub - Series 005 70, WU Library - ePub.
  53. Thomas Grandner, 1998. "Market Shares of Price Setting Firms and Trade Unions," Department of Economics Working Papers wuwp061, Vienna University of Economics and Business, Department of Economics.
  54. Dieter Gstach, 1998. "Technical Efficiency in Noisy Multi-Output Settings," Department of Economics Working Papers wuwp059, Vienna University of Economics and Business, Department of Economics.
  55. Fabio Rumler, 1999. "Computable General Equilibrium Modeling, Numerical Simulations in a 2-Country Monetary General Equilibrium Model," Department of Economics Working Papers wuwp065, Vienna University of Economics and Business, Department of Economics.
  56. Christian Bellak, 2000. "The Investment Development Path of Austria," Department of Economics Working Papers wuwp075, Vienna University of Economics and Business, Department of Economics.
  57. Christian Ragacs & Martin Zagler, 1997. "Economic Policy in a Model of Endogenous Growth," Department of Economics Working Papers wuwp053, Vienna University of Economics and Business, Department of Economics.
  58. Thomas Grandner, 1997. "Territoriale Evolution von Kooperation in einem Gefangenendilemma," Department of Economics Working Papers wuwp045, Vienna University of Economics and Business, Department of Economics.
  59. Dieter Gstach, 1998. "Small Sample Performance of Two Approaches to Technical Efficiency Estimation with Multiple Outputs," Department of Economics Working Papers wuwp058, Vienna University of Economics and Business, Department of Economics.
  60. Dieter Gstach & Andrew Somers & Susanne Warning, 2003. "Output specific efficiencies: The case of UK private secondary schools," Department of Economics Working Papers wuwp084, Vienna University of Economics and Business, Department of Economics.
  61. Martin Zagler, 1999. "Endogenous Growth, Efficency Wages, and Persistent Unemployment," Department of Economics Working Papers wuwp066, Vienna University of Economics and Business, Department of Economics.
  62. Gstach, Dieter, 1996. ": A new approach to stochastic frontier estimation: DEA+," WU Library - ePub - Series 005 298, WU Library - ePub.
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