Exploitation in economies with heterogeneous preferences, skills and assets: An axiomatic approach

Roberto Veneziani and Naoki Yoshihara ()

Journal of Theoretical Politics, 2015, vol. 27, issue 1, 8-33

Abstract: This paper provides a novel axiomatic analysis of exploitation as the unequal exchange of labour in economies with heterogeneous optimising agents endowed with unequal amounts of physical and human capital. A definition of exploitation is proposed, which emphasises the relational nature of exploitation and the resulting inequalities in the allocation of labour and income. It is shown that, among all of the major definitions, this is the only one which satisfies two formally weak and normatively salient axioms, and allows one to generalise a number of core insights of exploitation theory.

Keywords: Exploitation; unequal exchange of labour; Profit Exploitation Correspondence Principle (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (41)

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Related works:
Working Paper: Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach (2013)
Working Paper: Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jothpo:v:27:y:2015:i:1:p:8-33

DOI: 10.1177/0951629814538911

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