Consumer Finance and Labor Exploitation

Luke Lattanzi-Silveus

Review of Radical Political Economics, 2019, vol. 51, issue 1, 95-110

Abstract: Lending to the working class is increasingly becoming an essential feature in modern capitalism. Marxist theory, however, does not possess an adequate account of this phenomenon, particularly its effect on labor exploitation. This paper seeks to show how Marxist economic theory could understand and account for this form of finance. It finds that lending to the working class enables increases in both absolute and relative surplus value. JEL Classification: B51, G21, J50

Keywords: finance; Marxist economics; labor and workers; surplus value and economic surplus (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:51:y:2019:i:1:p:95-110

DOI: 10.1177/0486613417707530

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