This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a capitalist economy with two classes - workers and capitalists - is considered which extends Roemer [21, 22]. First, a dynamic generalisation of a key Marxian insight is provided...

The purpose of this paper is to examine the possibility of a social choice rule to implement a social policy for ìsecuring basic well-being for all.î The paper introduces a new scheme of social choice, called a social relation function (SRF), which associates a reáexive and transitive binary...