Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306637 
Year of Publication: 
2024
Series/Report no.: 
CITYPERC Working Paper No. 2024-03
Publisher: 
City, University of London, City Political Economy Research Centre (CITYPERC), London
Abstract: 
This paper argues that the conceptual framework of Marx's Capital allows for the extraction of a commodity-based theory of capitalist exploitation that is distinct from the traditional labour-value based theory. The rationale for extracting such a theory is that it allows for an explanation of the current rise in global economic inequality in a way that shows this development to be entirely consistent with the fundamental laws of capitalism as it enters its globalised and financialised stage of development.
Subjects: 
commodity
capitalist exploitation
globalised capitalism
financialised capitalism
Document Type: 
Working Paper

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