Axiomatic Marxian Exploitation Theory: a Survey of the Recent Literature

Rylan Chinnock, Roberto Veneziani and Naoki Yoshihara ()

No 754, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

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)
Pages: 26 pages
Date: 2024-01
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/82054/DP754.pdf

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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:hit:hituec:754

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