Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/145409
Authors: 
Cogliano, Jonathan F.
Veneziani, Roberto
Yoshihara, Naoki
Year of Publication: 
2014
Series/Report no.: 
Working Paper, University of Massachusetts, Department of Economics 2014-14
Abstract: 
This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with population growth, technical change, and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are investigated, and the role of labour-saving technical change and, even more importantly, power is highlighted. Second, it is shown that the concept of exploitation provides the foundations for a logically coherent and empirically relevant analysis of inequalities and class relations in advanced capitalist economies. An index that identifies the exploitation level, or intensity of each individual can be defined and its empirical distribution studied using the standard tools developed in the theory of inequality measurement.
Subjects: 
Exploitation
class
accumulation
simulation
JEL: 
B51
D63
C63
Document Type: 
Working Paper

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