Axiomatic Marxian Exploitation Theory: a Survey of the Recent Literature

Rylan Chinnock, Roberto Veneziani and Naoki Yoshihara ()
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Rylan Chinnock: Department of Economics, University of Massachusetts

No 972, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: In this paper we review recent developments in axiomatic studies of Marxian exploitation theory. First, given the acute controversy over the formal definition of exploitation during the 1970-1990s, we review the study of the axiomatic framework, which identifies some fundamental properties – technically, domain conditions – that any definition of exploitation should satisfy. Moreover, we provide a survey on the axiomatic studies about the proper measures of exploitation which coherently preserve the basic Marxian perceptions represented by two axioms, Profit- Exploitation Correspondence Principle and Class-Exploitation Correspondence Principle. Finally, we examine the relevance of the labour theory of value in these axiomatic studies of the proper measures of exploitation.

Keywords: Axiomatic analysis; Labour Exploitation; Profit-Exploitation Correspondence Principle; Class-Exploitation Correspondence Principle; Labour Theory of Value. (search for similar items in EconPapers)
JEL-codes: D51 D63 (search for similar items in EconPapers)
Date: 2024-01-29
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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Working Paper: Axiomatic Marxian Exploitation Theory: a Survey of the Recent Literature (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:972

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