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 …

We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based … critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted …

capitalist society depends, his argument points towards an organic link between the exploitation of labour, the falling rate of …