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 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 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 …

This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main … controversies surrounding the proper definition of exploitation since the contribution of Okishio (1963). The report first examines … the debates on the Fundamental Marxian Theorem and Class-Exploitation Correspondence Principle, developed mainly in the …

This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main … controversies surrounding the definition of exploitation since the contribution of Okishio (1963). The report first examines the …, followed by the property relation theory of exploitation by Roemer (1982). Then, the more recent exploitation theory proposed …