This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo … exploitation index can be constructed. It is argued that a minimal objectivism is necessary in exploitation theory, whereby … related to the 'New Interpretation' ([1]; [3]). It is argued that it captures the core intuitions of exploitation theory 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 …