This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a … existence of exploitation. Second, it is shown that, in a competitive environment, asset inequalities are fundamental for the … emergence of exploitation, but they are not sufficient for its persistence, both in equilibria with accumulation and growth, and …

Roemer's (1982, 1988) classical approach and all the crucial insights of exploitation theory are generalised, proving that … positive profits. -- Justice ; Exploitation ; Class ; Convex economies … developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation …