exploitation. A new measure of unequal exchange across borders is proposed which captures the territorial structure of … exploitation, other factors, including labour-saving technical change, are shown to be essential in explaining its persistence. …

exploration and exploitation, which can be highly dependent on individual preferences. In an online experiment, we study whether … rather than exploitation, and model the participants' decision-making processes using a learning model comparable to the …

rate of exploitation constant? In this paper we demonstrate, in a general circulating capital model, that if (a) the …, then viable technical change can be consistent both with a constant rate of exploitation and a fall in the long run rate of … profit. This result vindicates Marx's claim in Volume III of Capital, that if the rate of exploitation remains unchanged then …