Yoshihara, Naoki; Veneziani, Roberto - Institute of Economic Research, Hitotsubashi University - 2011
This paper provides a mathematical analysis of the Marxian theory of the exploitation of labour in general equilibrium … models. The two main definitions of Marxian exploitation in the literature, proposed by Morishima (1974) and Roemer (1982 … these definitions do not preserve the so-called Fundamental Marxian Theorem (FMT), which states that the exploitation of …