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The concept of surplus is central in the analysis of capitalism. From the Marxian literature we can identify two main approaches: on the one hand, the concept of surplus developed by Marx based on the distribution of time worked between workers and capitalists; while on the other, the concept of...
Persistent link: https://www.econbiz.de/10013101106
This paper develops a simple theoretical model to analyze Marx’s theory of ground rent. Using the model, I demonstrate two important results. First, if we take capital as exogenous, then total ground-rent can be decomposed into the three components: differential rent of the first variety...
Persistent link: https://www.econbiz.de/10013241918
rate of exploitation constant? In this paper we demonstrate, in a general circulating capital model, that if (a) the …, then viable technical change can be consistent both with a constant rate of exploitation and a fall in the long run rate of … profit. This result vindicates Marx's claim in Volume III of Capital, that if the rate of exploitation remains unchanged then …
Persistent link: https://www.econbiz.de/10013256418
exploitation status - is completely characterised. It is shown that this class is nonempty and a definition of UE exploitation … class and UE exploitation structure of the international economy is derived in equilibrium. …
Persistent link: https://www.econbiz.de/10011788893
This paper provides an innovative axiomatic analysis of the notion of exploitation as the unequal exchange of labour …, focusing on the relation between exploitation and profits. General convex economies with heterogeneous agents endowed with … which preserves the FMT and allows one to generalise a number of key insights of exploitation theory to complex advanced …
Persistent link: https://www.econbiz.de/10008758080
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/10003933905
developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation …. Three main new axioms, called Labour Exploitation in Subsistence Economies, Relational Exploitation, and Feasibility of Non-Exploitation …, are presented and it is proved that they uniquely characterise a definition of exploitation conceptually related to the so …
Persistent link: https://www.econbiz.de/10003933908
exploitation. A new measure of unequal exchange across borders is proposed which captures the territorial structure of … exploitation, other factors, including labour-saving technical change, are shown to be essential in explaining its persistence. …
Persistent link: https://www.econbiz.de/10013419181
Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution is even worse with 0.61. These disparities led to a major shift in emphasis of politics in general and of the Five-Year Plan for National Economic and Social Development by the...
Persistent link: https://www.econbiz.de/10009526191
The concept of exploitation is central in social and political theory, but there is no precise, widely accepted … definition. This paper analyses John Roemer’s seminal theory, which construes exploitation as a distributive injustice arising … Roemer’s static economies is set up and several doubts are raised on the claim that exploitation can be reduced to a kind of …
Persistent link: https://www.econbiz.de/10009001169