Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105791
Authors: 
Yoshihara, Naoki
Year of Publication: 
2014
Series/Report no.: 
Working Paper, University of Massachusetts, Department of Economics 2014-12
Abstract: 
This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the definition of exploitation since the contribution of Okishio (1963). The report first examines the robustness and economic implications of the debates on the Fundamental Marxian Theorem, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer (1982). Then, the more recent exploitation theory proposed by Vrousalis (2013) and Wright (2000) is introduced, before examining its economic implications using a simple economic model. Finally, the report introduces and comments on recent axiomatic studies of exploitation by focusing on the work of Veneziani and Yoshihara (2013a).
Subjects: 
Fundamental Marxian Theorem
Property Relations Definition of Exploitation
Profit-Exploitation Correspondence Principle
JEL: 
D63
D51
Document Type: 
Working Paper

Files in This Item:
File
Size
380.17 kB





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