Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284322 
Year of Publication: 
2024
Series/Report no.: 
Working Paper No. 972
Publisher: 
Queen Mary University of London, School of Economics and Finance, London
Abstract: 
In this paper we review recent developments in axiomatic studies of Marxian exploitation theory. First, given the acute controversy over the formal definition of exploitation during the 1970-1990s, we review the study of the axiomatic framework, which identifies some fundamental properties - technically, domain conditions - that any definition of exploitation should satisfy. Moreover, we provide a survey on the axiomatic studies about the proper measures of exploitation which coherently preserve the basic Marxian perceptions represented by two axioms, Profit-Exploitation Correspondence Principle and Class-Exploitation Correspondence Principle. Finally, we examine the relevance of the labour theory of value in these axiomatic studies of the proper measures of exploitation.
Subjects: 
Axiomatic analysis
Labour Exploitation
Profit-Exploitation Correspondence Principle
Class-Exploitation Correspondence Principle
Labour Theory of Value
JEL: 
D63
D51
Document Type: 
Working Paper

Files in This Item:
File
Size
641.34 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.