Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach

Roberto Veneziani, 邦雄 伊藤, Naoki Yoshihara () and 直毅 吉原

No 579_v2, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This paper provides a novel axiomatic analysis of exploitation as the unequal exchange of labour in economies with heterogeneous opti-mising agents endowed with unequal amounts of physical and human capital. A de.nition 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 de.nitions, this is the only one which satis.es 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)
Pages: 35 pages
Date: 2013-08
Note: This version: August 8, 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/25839/DP579.pdf

Related works:
Journal Article: Exploitation in economies with heterogeneous preferences, skills and assets: An axiomatic approach (2015)
Working Paper: Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach (2012)
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