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

Naoki Yoshihara ()

No 2016-06, UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics

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 (2015a).

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)
Date: 2016
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)

Downloads: (external link)
http://www.umass.edu/economics/publications/2016-06.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

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)
Working Paper: A progress report on Marxian economic theory: On the controversies in exploitation theory since Okishio (1963) (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ums:papers:2016-06

Access Statistics for this paper

More papers in UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics Thompson Hall, Amherst, MA 01003. Contact information at EDIRC.
Bibliographic data for series maintained by Daniele Girardi ( this e-mail address is bad, please contact ).