The Theory of Exploitation as the Unequal Exchange of Labour

Authors

Roberto Veneziani, School of Economics and Finance, Queen Mary University of LondonFollow
Naoki Yoshihara, Department of Economics, University of Massachusetts, AmherstFollow

Working Paper Number

2017-04

Publication Date

2017

Abstract

This paper analyses the normative and positive 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 claims in a general economic environment. It is then argued that these intuitions can be captured by one fundamental axiom - called Labour Exploitation - which 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.

DOI

https://doi.org/10.7275/9701506

License

UMass Amherst Open Access Policy

Recommended Citation

Veneziani, Roberto and Yoshihara, Naoki, "The Theory of Exploitation as the Unequal Exchange of Labour" (2017). Economics Department Working Paper Series. 220.
https://doi.org/10.7275/9701506