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THE THEORY OF EXPLOITATION AS THE UNEQUAL EXCHANGE OF LABOUR

Published online by Cambridge University Press:  31 August 2018

Naoki Yoshihara  and
Roberto Veneziani
Naoki Yoshihara*
Affiliation:
Department of Economics, University of Massachusetts Amherst, Crotty Hall, 412 North Pleasant Street, Amherst, MA 01002, USA; The Institute of Economic Research, Hitotsubashi University, Kunitachi, Tokyo 186-8603Japan; and School of Management, Kochi University of Technology, Kochi 782-8502, Japan.
Roberto Veneziani
Affiliation:
School of Economics and Finance, Queen Mary University of London, Mile End Road, London E1 4NS, UK. Email: [email protected]
*
Email: [email protected]
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Abstract:

This paper explores the 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 axioms in a general economic environment. Then, a single domain condition called Labour Exploitation is formulated, which summarizes the foundations of UEL exploitation theory, 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.

Keywords

exploitationunequal exchange of labouraxiomatic analysis
Type
Symposium Article
Information
Economics & Philosophy , Volume 34 , Special Issue 3: Exploitation , November 2018 , pp. 381 - 409
Copyright
Copyright © Cambridge University Press 2018 

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