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Identifier to cite or link to this item: https://hdl.handle.net/10086/26615

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Title
A Progressive Report on Marxian Economic Theory: On the Controversies in Exploitation Theory since Okishio (1963)
Creator
Creator Name
Yoshihara, Naoki Yoshihara, Naoki
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
Institute of Economic Research, Hitotsubashi University
Key Word
Fundamental Marxian Theorem
Property Relations Definition of Exploitation
Profit-Exploitation Correspondence Principle
JEL
D63
D51
Abstract
This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the definition of exploitation since the contribution of Okishio (1963). The report first examines the robustness and economic implications of the debates on the Fundamental Marxian Theorem, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer (1982). Then, the more recent exploitation theory proposed by Vrousalis (2013) and Wright (2000) is introduced, before examining its economic implications using a simple economic model. Finally, the report introduces and comments on recent axiomatic studies of exploitation by focusing on the work of Veneziani and Yoshihara (2013a).
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2014-05
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion paper series. A ; No. 607
NCID
AA11476336
Number of Pages
40
Appears in Collections
Discussion paper series / Institute of Economic Research, Hitotsubashi University
URL
https://hdl.handle.net/10086/26615