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

Naoki Yoshihara ()

No 632, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the proper definition of exploitation since the contribution of Okishio (1963). The report first examines the debates on the Fundamental Marxian Theorem and Class-Exploitation Correspondence Principle, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer (1982). Then, the more recent exploitation theory proposed by Vrousalis (2013) and Wright (2000) is introduced. Finally, the report introduces and comments on recent axiomatic studies of exploitation by focusing on the work of Veneziani and Yoshihara (2015).

Keywords: Proper Definitions of UE Exploitation; Property Relations Definition of Exploitation; Profit-Exploitation Correspondence Principle (search for similar items in EconPapers)
JEL-codes: D51 D63 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2016-02
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/27727/DP632.pdf

Related works:
Journal Article: A PROGRESS REPORT ON MARXIAN ECONOMIC THEORY: ON THE CONTROVERSIES IN EXPLOITATION THEORY SINCE OKISHIO (1963) (2017)
Working Paper: A progress report on Marxian economic theory: On the controversies in exploitation theory since Okishio (1963) (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:632

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