Roemer's “General” Theory of Exploitation Is a Special Case: The Limits of Walrasian Marxism

James Devine and Gary Dymski

Economics and Philosophy, 1991, vol. 7, issue 2, 235-275

Abstract: In a series of recent writings, John Roemer (1982a, 1982b, 1985, 1988) has made a provocative claim: exploitation and class are merely second-order concepts within Marxian theory, because both phenomena derive directly from differential ownership of productive assets (DOPA); indeed, exploitation remains a consistent index of economic injustice only if a “property relations” conception of exploitation replaces the common “labor-value” view. In sum, property relations, not the labor exchange, the labor proces, labor values, or even capitalist accumlation should be the central concern of Marxian theory.

Date: 1991
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