A critical assessment of some neo‐Marxian trade theories

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Abstract
The neo‐Marxian Unequal Exchange literature has been largely bypassed in mainstream discussions of theories of comparative advantage during the 1970s. In so far as the Unequal Exchange literature attempts to explain international ‘factor price’ non‐equalisation for labour, the problems addressed are of more general relevance. In my work on this topic, I have attempted to distinguish between studies within a classical Marxian tradition (some of which have been recently written) and those neo‐Marxian writers whose work is more broadly compatible with the Sraffa or neo‐Ricardian analysis of comparative advantage. The purpose of this paper is to survey the latter sub‐set of the neo‐Marxian literature, not only because of its importance in many discussions of Third World issues, but also because of its own intrinsic merits.

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