Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/238149
Authors: 
Basu, Deepankar
Haas, Cameron
Moraitis, Athanasios
Year of Publication: 
2021
Series/Report no.: 
Working Paper No. 2021-01
Publisher: 
University of Massachusetts, Department of Economics, Amherst, MA
Abstract: 
Does the intensification of labour increase the rate of exploitation? Does it produce absolute surplus value or relative surplus value? This paper develops a framework to answer these questions by incorporating intensity of labour in the widely-used linear model of production, both in its one and two department forms. We show, first, that an intensification of labour always leads to an increase in the rate of exploitation, and second, that the increase in the rate of exploitation takes the form of the production of absolute surplus value in all realistic situations. We also highlight, in the case of any model with more than one industry or sector, an interesting difference in short run and long run changes in the rate and form of surplus value.
Subjects: 
rate of exploitation
absolute surplus value
relative sur-plus value
linear model of production
JEL: 
B51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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