Exploitation of Labour and Exploitation of Commodities: A "New Interpretation"
Preprint, External research report
- Publisher: Institute of Economic Research, Hitotsubashi University
Exploitation | Profits | New Interpretation | Generalised Commodity Exploitation Theorem | Exploitation, Profits, Generalised Commodity Exploitation Theorem, New Interpretation
In the standard Okishio-Morishima approach, the existence of profits is proved to be equivalent to the exploitation of labour. Yet, it can also be proved that the existence of profits is equivalent to the ‘exploitation’ of any good. Labour and commodity exploitation are...