A Progress Report on Marxian Economic Theory: On the Controversies in Exploitation Theory Since OKISHIO (1963)

Yoshihara, Naoki

doi:10.1002/9781119483328.ch11

Cited by 3 publications

(4 citation statements)

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“…Classic contributions include Morishima [22]; Duménil [6]; Foley [13]; Roemer [24]; and Flaschel ([10], [11]). For a discussion, see Yoshihara ([36], [37]).…”

Section: General Definition Of Exploitationmentioning

confidence: 99%

International Exploitation, Capital Export, and Unequal Exchange

Cogliano¹,

Kaneko²,

Veneziani³

et al. 2022

The Oxford Handbook of Economic Imperialism

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This chapter discusses how international exploitation and unequal exchange emerge in the global economy by focussing on simple economic models with and without credit markets. Free trade of commodities among rich and poor countries results in a transfer of labour time between countries, allowing the citizens of some countries to consume more of the world’s social labour than they have contributed. Capital movements across borders together with strong restrictions on the movement of people result in net exporters of capital exploiting (or benefitting from unequal exchange at the expense of) net capital importers. Under perfect competition, mutual benefits from free trade in goods and capital can coexist alongside unequal flows of revenue and labour in the world economy. Market imperfections and the open use of coercion are not necessary for international exploitation to emerge. However, they may be central for it to persist over time.

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“…Classic contributions include Morishima [22]; Duménil [6]; Foley [13]; Roemer [24]; and Flaschel ([10], [11]). For a discussion, see Yoshihara ([36], [37]).…”

Section: General Definition Of Exploitationmentioning

confidence: 99%

International Exploitation, Capital Export, and Unequal Exchange

Cogliano¹,

Kaneko²,

Veneziani³

et al. 2022

The Oxford Handbook of Economic Imperialism

Self Cite

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show abstract

“…This is only for simplicity and all of the key insights of the paper can be extended to economies with different labour inputs. For a discussion see Veneziani and Yoshihara (2017a).…”

mentioning

confidence: 99%

“…Classic contributions include Morishima [25]; Duménil [6]; Foley [15]; Roemer [31]; and Flaschel [11,12]. For a discussion, see Yoshihara [52,53].…”

Section: Introductionmentioning

confidence: 99%

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The Theory of Exploitation as the Unequal Exchange of Labour

Veneziani

Yoshihara²

2018

Economics and Philosophy

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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.Keywords: Exploitation, Unequal Exchange of Labour, axiomatic analysis. * Paper submitted for the symposium on exploitation theory. We are grateful to participants in the Manchester Workshops in Political Theory and the QMUL workshops on exploitation theory (London, 2014 and 2015) for comments and suggestions on an earlier draft. Special thanks go to Ben Ferguson for long and detailed comments. The usual disclaimer applies.

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Globalisation and inequality in a dynamic economy: an axiomatic analysis of unequal exchange

Veneziani

Yoshihara

2017

Soc Choice Welf

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An axiomatic analysis of the concept of unequal exchange (UE) between countries is developed in a dynamic general equilibrium model that generalises Roemer's [22] economy with a global capital market. The class of UE definitions that satisfy three fundamental propertiesincluding a correspondence between wealth, class and UE exploitation status -is completely characterised. It is shown that this class is nonempty and a definition of UE exploitation between countries is proposed, which is theoretically robust and firmly anchored to empirically observable data. The full class and UE exploitation structure of the international economy is derived in equilibrium.JEL classification: D63; F02; B51.

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A Progress Report on Marxian Economic Theory: On the Controversies in Exploitation Theory Since OKISHIO (1963)

Cited by 3 publications

References 38 publications

International Exploitation, Capital Export, and Unequal Exchange

International Exploitation, Capital Export, and Unequal Exchange

The Theory of Exploitation as the Unequal Exchange of Labour

Globalisation and inequality in a dynamic economy: an axiomatic analysis of unequal exchange

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