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Exploitation of Labor and Exploitation of Commodities: A “New Interpretation” by Naoki Yoshihara; Roberto Veneziani is a Economics, Econometrics and Finance article available to read on EtoBox.

What is Exploitation of Labor and Exploitation of Commodities: A “New Interpretation” about?

In the standard Okishio-Morishima approach, the existence of profits is proved to be equivalent to the exploitation of labor. Yet, it can also be proved that the existence of profits is equivalent to the “exploitation” of any good. Labor and commodity exploitation are just different numerical representations of the productiveness of the economy. This paper presents an alternative approach to exploitation theory which is related to the “New Interpretation” (Duménil 1980; Foley 1982). In this approach, labor exploitation captures unequal social relations among producers. The equivalence between the existence of profits and labor exploitation holds, whereas it is proved that there is no relation between profits and commodity “exploitation.”

Who reads Exploitation of Labor and Exploitation of Commodities: A “New Interpretation”?

Author

Naoki Yoshihara; Roberto Veneziani

Publisher

SAGE Publications

Published

2013

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)