Exploitation and time

• 成果类型: Article
• 署名作者: Veneziani, Roberto
• 署名单位: University of London; Queen Mary University London
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2005.07.001
• 发表日期: 2007
• 页码: 189-207
• 关键词: dynamics; exploitation; INEQUALITY; microfoundations; analytical Marxism

摘要

This paper analyses exploitation and class formation in a dynamic context. An intertemporal model of a subsistence economy is set up and, among other results, it is proved that, in an interior equilibrium, Differential Ownership of (Scarce) Productive Assets is an inherent feature of a capitalist economy, while exploitation tends to disappear in the long run. Asset inequality is therefore proved to be a normatively secondary (though causally primary) wrong. It is also argued that these results raise several doubts about the possibility of providing robust micro-foundations to Marxian concepts by means of Walrasian general equilibrium models. (c) 2005 Published by Elsevier Inc.