The Dynamics of Exploitation and Class in Accumulation Economies

Authors

Jonathan F. Cogliano, Department of Economics, Dickinson CollegeFollow
Roberto Veneziani, School of Economics and Finance, Queen Mary University of LondonFollow
Naoki Yoshihara, Hitotsubashi UniversityFollow

Working Paper Number

2014-14

Publication Date

2014

Abstract

This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with population growth, technical change, and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are investigated, and the role of labour-saving technical change and, even more importantly, power is highlighted. Second, it is shown that the concept of exploitation provides the foundations for a logically coherent and empirically relevant analysis of inequalities and class relations in advanced capitalist economies. An index that identifies the exploitation level, or intensity of each individual can be defined and its empirical distribution studied using the standard tools developed in the theory of inequality measurement.

DOI

https://doi.org/10.7275/6489474

Recommended Citation

Cogliano, Jonathan F.; Veneziani, Roberto; and Yoshihara, Naoki, "The Dynamics of Exploitation and Class in Accumulation Economies" (2014). Economics Department Working Paper Series. 197.
https://doi.org/10.7275/6489474