Showing 1 - 10 of 465
In the standard Okishio-Morishima approach, the existence of profits is proved to be equivalent to the exploitation of … labour. Yet, it can also be proved that the existence of profits is equivalent to the ‘exploitation’ of any good. Labour and … profits and labour exploitation holds, whereas it is proved that there is no relation between profits and commodity …
Persistent link: https://www.econbiz.de/10009364303
Commodity Exploitation Theorem (GCET), by highlighting a potential asymmetry between labour and other commodities. In this paper …, a novel characterisation of the relation between exploitation and productiveness that is at the heart of the GCET is …
Persistent link: https://www.econbiz.de/10009145636
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 …
Persistent link: https://www.econbiz.de/10008495524
aggregate measures of exploitation is discussed. Second, the relation between profits and exploitation (the so …This paper analyses two central issues in exploitation theory. First, the appropriate definition of individual and …-called Fundamental Marxian Theorem) is analysed. A general framework for the analysis of exploitation in the context of convex cone …
Persistent link: https://www.econbiz.de/10008500321
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 …
Persistent link: https://www.econbiz.de/10008500326
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 …
Persistent link: https://www.econbiz.de/10008502071
The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of marginal labour value. Marginal labour value is the inverse of the marginal productivity of labour. Relative prices are equal to the ratio of marginal labour values. This article...
Persistent link: https://www.econbiz.de/10005619897
This paper provides an innovative axiomatic analysis of the notion of exploitation as the unequal exchange of labour …. An axiomatic characterisation of the class of definitions that satisfy a weak domain condition and the profit-exploitation … novel definition is presented which satisfies the PECP and allows one to generalise a number of key insights of exploitation …
Persistent link: https://www.econbiz.de/10009207353
This paper provides an innovative axiomatic analysis of the notion of exploitation as the unequal exchange of labour …. An axiomatic characterisation of the class of definitions that satisfy a weak domain condition and the profit-exploitation … novel definition is presented which satisfies the PECP and allows one to generalise a number of key insights of exploitation …
Persistent link: https://www.econbiz.de/10009019943
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 …
Persistent link: https://www.econbiz.de/10010457042