Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184775 
Year of Publication: 
2017
Series/Report no.: 
Working Paper No. 824
Publisher: 
Queen Mary University of London, School of Economics and Finance, London
Abstract: 
This paper analyses the normative and positive foundations of the theory of exploitation as the unequal exchange of labour (UEL). The key intuitions behind all of the main approaches to UEL exploitation are explicitly analysed as a series of formal claims in a general economic environment. It is then argued that these intuitions can be captured by one fundamental axiom - called Labour Exploitation - which defines the basic domain of all UEL exploitation forms and identifies the formal and theoretical framework for the analysis of the appropriate definition of exploitation.
Subjects: 
Exploitation
Unequal Exchange of Labour
axiomatic analysis
JEL: 
D63
B51
Document Type: 
Working Paper

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