Marx and International Exploitation

  • Takashi Negishi
Chapter
Part of the Research Monographs in Japan-U.S. Business & Economics book series (JUSB, volume 6)

Abstract

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).

Keywords

International Trade Rich Country Labor Power Steam Engine Exploitation Theory 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Springer Science+Business Media New York 2001

Authors and Affiliations

  • Takashi Negishi
    • 1
  1. 1.Aoyama Gakuin UniversityJapan

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