A Reconsideration of the Theory of Exploitation
- 1 May 1941
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 55 (3) , 413-442
- https://doi.org/10.2307/1885638
Abstract
Introduction: popular misconceptions, 413. — Definitions: exploitation, 414; marginal product, 415; the wage of labor, 418. — Classification of exploitation, 419. — Non-deliberate exploitation: rising labor supply curve, 419; the cost of change, 420; discontinuous product demand curves, 423; stability of price under mature and immature oligopoly, 426. — Deliberate exploitation: monopsonistic discrimination, 434; the “sweated industry” fallacy, 434; conditions necessary for the existence of deliberate exploitation, 437. — The importance of exploitation, 439. — The rôle of unions, 440.Keywords
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