Exploitation and time

Equality of when?

“…3 Veneziani (2007Veneziani ( , 2013 has shown, for example, that the temporal structure of individual lives has relevant implications in exploitation theory: a capitalist economy in which individuals switch roles over time so that everyone is exploited for an equal amount of time is not necessarily a just economy. Moreover, according to various authors, the fact that individual lives are structured into normatively relevant segments raises difficult, if not intractable issues for egalitarianism.…”

“…Similarly, assuming all individuals to be fundamentally alike is both analytically and normatively appropriate, because it allows us to separate the issue of the appropriate unit of egalitarian concern from questions about the currency of egalitarian justice. Furthermore, this assumption is standard in the literature on intergenerational justice (see, for example, Roemer and Veneziani, 2004;2007, and the references therein) and it is usually-albeit often implicitly-made in the debate on CLE. 22 For any variable z, let {z t } t=0,1,... denote an infinite sequence of values of z.…”

Unequal Exchange, Assets, and Power: Recent Developments in Exploitation Theory

“…All of the main insights continue to hold if MP ν is reformulated by focusing on end-of-period prices p t in (2), which generalises Veneziani [34]; or by letting the length of the production period tend to zero, so as to move to a continuous time setting, as in Veneziani [35].…”

“…Under the classic definition by Okishio [20] and Morishima [19], CECP is proved as a formal theorem in simple Leontief production economies with rational agents (Roemer [24]; Veneziani [34]), but it does not hold in more general production economies (Roemer [24]; Yoshihara [41]). In contrast, Yoshihara [41] formulates CECP as an axiom capturing a key insight of UE exploitation theory on a generic feature of capitalist economy, and introduces a domain axiom that defines the class of admissible exploitation forms.…”

“…In this section, based on the general model set up in section 2 above, we survey and extend some recent contributions that analyse exploitation in an intertemporal context (Veneziani [34], [35]). A dynamic generalisation of Roemer's [24] subsistence economies is analysed in order to assess the relevance of DOPA, focusing on its role in generating exploitation as a persistent feature of a competitive economy with savings and a variable distribution of productive assets.…”