This paper provides an innovative axiomatic analysis of the notion of exploitation as the unequal exchange of labour …, focusing on the relation between exploitation and profits. General convex economies with heterogeneous agents endowed with … which preserves the FMT and allows one to generalise a number of key insights of exploitation theory to complex advanced …

developed, which allows an explicit analysis of the core positive and normative intuitions behind the concept of exploitation …. Three main new axioms, called Labour Exploitation in Subsistence Economies, Relational Exploitation, and Feasibility of Non-Exploitation …, are presented and it is proved that they uniquely characterise a definition of exploitation conceptually related to the so …

condition of the emergence and persistence of exploitation as unequal exchange of labor. We show that pure workers are exploited … equalized in the limit regardless of the saving behaviors. The so-called Fundamental Marxian Theorem and Profit-Exploitation … Correspondence Principle are generalized in the intertemporal setting with exploitation in the whole life, and the Class-Exploitation …

This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with … emergence and persistence of exploitation and class are investigated, and the role of labour-saving technical change and, even … more importantly, power is highlighted. Second, it is shown that the concept of exploitation provides the foundations for a …

exploitation status - is completely characterised. It is shown that this class is nonempty and a definition of UE exploitation … class and UE exploitation structure of the international economy is derived in equilibrium. …

This paper analyses the normative and positive foundations of the theory of exploitation as the unequal exchange of … labour (UEL). The key intuitions behind all of the main approaches to UEL exploitation are explicitly analysed as a series of … axiom - called Labour Exploitation - which defines the basic domain of all UEL exploitation forms and identifies the formal …

This paper provides a formal dynamic analysis of exploitation, class inequalities and profits. A stylised model of a … existence of exploitation. Second, it is shown that, in a competitive environment, asset inequalities are fundamental for the … emergence of exploitation, but they are not sufficient for its persistence, both in equilibria with accumulation and growth, and …

This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo … exploitation index can be constructed. It is argued that a minimal objectivism is necessary in exploitation theory, whereby … related to the 'New Interpretation' ([1]; [3]). It is argued that it captures the core intuitions of exploitation theory and …

Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday … language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare … distinctions that common usage of the term exploitation allows. I resolve this conflict by introducing a welfare function with …