Marx and International Exploitation
In his Capital (1867–94) and Theories of Surplus Value (1905–10), K. Marx insisted two different types of exploitation. The first one is, of course, the exploitation of labor by capital in the case of equal labor quantity exchange, while the second is the exploitation of poor countries by rich ones through unequal labor quantity exchanges. The exploitation theory of interest, i.e., the exploitation of labor by capital, was criticized by Boehm-Bawerk from the point of view of the comparison of values differently dated.1 Marx’s own consideration of the international exploitation was fragmentary, but it was succeeded and developed by modern Maxisian economists. The same criticism seems to be applicable to this Marxian theory of international trade, however, as the one used by Boehm-Bawerk against the exploitation theory of interest (profit).
KeywordsInternational Trade Rich Country Labor Power Steam Engine Exploitation Theory
Unable to display preview. Download preview PDF.
- Bauer, O., 1907, Die Nationalitaetenfrage und die Sozialdemokratie, Vienna: Wiener Volksbuchhandlung.Google Scholar
- Boehm-Bawerk, E. V., 1959, Capital and Interest, The History and Critique of Interest Theories, G. D. Huncke and H. F. Sennholz, tr., South Holland, Ill.: Libertian Press.Google Scholar
- Emmanuel, A., 1972, Unequal Exchange, tr., B. Pearce, New York: Monthly Review Press.Google Scholar
- Marx, K., 1954, Capital, 1, Moscow: Progress Publishers.Google Scholar
- Marx, K., 1971, Theories of Surplus-Value, 3, Moscow: Progress Publishers.Google Scholar
- Mill, J. S., 1844, Essays on Some Unsettled Questions of Political Economy, London: Longmans, Green, Reader and Dyer.Google Scholar
- Morishima, M., 1973, Marx’s Economics, Cambridge: Cambridge University Press.Google Scholar
- Negishi, T., 1999, Unequal Exchange and Exploitation, Japanese Economic Review, 50, pp. 113–121 (in Negishi [20001, pp. 156–164).Google Scholar
- Negishi, T., 2000, Economic Thought from Smith to Keynes, Aldershot: Edward Elgar.Google Scholar
- Sweezy, P. M., 1946, The Theory of Capitalist Development, London: Dobson.Google Scholar