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 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 …

capitalists, as the owners of firms, are liable for profits and losses. Market prices stabilize to profit-equalizing prices of … problem of the incommensurability between money and labor-value accounts in conditions of ‘profits on stock’, i.e. Marx …

near their wage-rate of profits frontier, when the frontier is drawn with a numeraire in proportions of observed final …