This paper provides an innovative axiomatic analysis of the notion of exploitation as the unequal exchange of labour …, focusing on the relation between exploitation and profits. General convex economies with heterogeneous agents endowed with … which preserves the FMT and allows one to generalise a number of key insights of exploitation theory to complex advanced …

This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with … 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 …

This paper analyses the Marxian theory of exploitation. A general axiomatic approach is developed which is appropriate … to study the concept of exploitation - what it is and how it should be captured empirically. Two properties are presented … class of definitions of exploitation that preserve the relation between exploitation and profits - called Profit-Exploitation …

This paper analyses the Marxian theory of exploitation. A general axiomatic approach is developed which is appropriate … to study the concept of exploitation - what it is and how it should be captured empirically. Two properties are presented … class of definitions of exploitation that preserve the relation between exploitation and profits - called Profit-Exploitation …

functioned effectively to compensate workers for (and thereby allow) rising rates of exploitation and their negative social …