Profits and Exploitation: A Reappraisal
Preprint, External research report
- Publisher: Institute of Economic Research, Hitotsubashi University
exploitation | profits | reproducible solutions | exploitation, profits, reproducible solutions
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 ...