What is the Impact of an Intensification of Labour on the Rate and Form of Exploitation?
Deepankar Basu (),
Cameron Haas () and
Athanasios Moraitis ()
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Deepankar Basu: Department of Economics, University of Massachusetts Amherst
Cameron Haas: Department of Economics, University of Massachusetts Amherst
Athanasios Moraitis: Department of Economics, University of Massachusetts Amherst
UMASS Amherst Economics Working Papers from University of Massachusetts Amherst, Department of Economics
Does the intensification of labour increase the rate of exploitation? Does it produce absolute surplus value or relative surplus value? This paper develops a framework to answer these questions by incorporating intensity of labour in the widely-used linear model of production, both in its one and two department forms. We show, first, that an intensification of labour always leads to an increase in the rate of exploitation, and second, that the increase in the rate of exploitation takes the form of the production of absolute surplus value in all realistic situations. We also highlight, in the case of any model with more than one industry or sector, an interesting difference in short run and long run changes in the rate and form of surplus value.
Keywords: rate of exploitation; absolute surplus value; relative surplus value; linear model of production (search for similar items in EconPapers)
JEL-codes: B51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hme and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:ums:papers:2021-01
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