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Roemer's “General” Theory of Exploitation Is a Special Case: The Limits of Walrasian Marxism

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  • Devine, James
  • Dymski, Gary

Abstract

In a series of recent writings, John Roemer (1982a, 1982b, 1985, 1988) has made a provocative claim: exploitation and class are merely second-order concepts within Marxian theory, because both phenomena derive directly from differential ownership of productive assets (DOPA); indeed, exploitation remains a consistent index of economic injustice only if a “property relations” conception of exploitation replaces the common “labor-value” view. In sum, property relations, not the labor exchange, the labor proces, labor values, or even capitalist accumlation should be the central concern of Marxian theory.

Suggested Citation

  • Devine, James & Dymski, Gary, 1991. "Roemer's “General” Theory of Exploitation Is a Special Case: The Limits of Walrasian Marxism," Economics and Philosophy, Cambridge University Press, vol. 7(2), pages 235-275, October.
    • Handle: RePEc:cup:ecnphi:v:7:y:1991:i:02:p:235-275_00
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    Cited by:

    1. Yoshihara, Naoki, 2010. "Class and exploitation in general convex cone economies," Journal of Economic Behavior & Organization, Elsevier, vol. 75(2), pages 281-296, August.
    2. Weikai Chen & Naoki Yoshihara, 2019. "Persistent Exploitation with Intertemporal Reproducible Solution in Pre-industrial Economies," UMASS Amherst Economics Working Papers 2019-10, University of Massachusetts Amherst, Department of Economics.
    3. Gilbert L. Skillman, 2017. "Marx’s Capital through the lens of Roemer’s General Theory (and vice-versa)," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 49(3), pages 423-443, December.
    4. Gilbert Skillman, 2014. "Capitalist exploitation without capitalist production: The consequences of imperfect contracting," Journal of Theoretical Politics, , vol. 26(4), pages 629-652, October.

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