Profits and Exploitation: A Reappraisal

Preprint, External research report English OPEN
Yoshihara, Naoki; Veneziani, Roberto;
  • Publisher: Institute of Economic Research, Hitotsubashi University
  • Subject: exploitation | profits | exploitation, profits, reproducible solutions | reproducible solutions
    • jel: jel:B24 | jel:D31 | jel:D46 | jel:B51

This paper provides a mathematical analysis of the Marxian theory of the exploitation of labour in general equilibrium models. The two main definitions of Marxian exploitation in the literature, proposed by Morishima (1974) and Roemer (1982), respectively, are analysed ... View more
  • References (8)

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    Roemer, J. E. (1980): “A general equilibrium approach to Marxian economics,” Econometrica 48, pp. 505-530.

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