Marx and International Exploitation

Takashi Negishi and Takashi Negishi
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Takashi Negishi: The Japan Academy
Takashi Negishi: The University of Tokyo

Chapter Chapter 7 in Developments of International Trade Theory, 2014, pp 51-59 from Springer

Abstract: Abstract In his Capital (1867–94) and Theories of Surplus Value (1905–10), K. Marx insisted two different types of exploitation. The first one is, of course, the exploitation of labor by capital in the case of equal labor quantity exchange, while the second is the exploitation of poor countries by rich ones through unequal labor quantity exchanges. The exploitation theory of interest, i.e., the exploitation of labor by capital, was criticized by Boehm-Bawerk from the point of view of the comparison of values differently dated. Marx’s own consideration of the international exploitation was fragmentary, but it was succeeded and developed by modern Marxian economists. The same criticism seems to be applicable to this Marxian theory of international trade, however, as the one used by Boehm-Bawerk against the exploitation theory of interest (profit).

Keywords: Exploitation; Marx’s theory of the exploitation; Boehm-Bawerk’s criticism of the exploitation theory; International exploitation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-4-431-54433-3_7

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DOI: 10.1007/978-4-431-54433-3_7

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