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Identifier to cite or link to this item: https://hdl.handle.net/10086/25839

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Title
Exploitation in Economies with Heterogeneous Preferences, Skills and Assets: An Axiomatic Approach
Creator
Creator Name
Veneziani, Roberto Veneziani, Roberto
伊藤, 邦雄 伊藤, 邦雄
Affiliation
Affiliation Name
Queen Mary University of London
Affiliation
Affiliation Name
University of Massachusetts
Creator Name
Yoshihara, Naoki Yoshihara, Naoki
吉原, 直毅 吉原, 直毅
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
Exploitation
unequal exchange of labour
Profit Exploitation Correspondence Principle
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.
Description
This version: August 8, 2013
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2013-08
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. 579_v2
Relation
Related Title
This is a revised version of http://hdl.handle.net/10086/23299
NCID
AA11476336
Number of Pages
35
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/25839