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Marx and International Exploitation

In: Developments of International Trade Theory

Author

Listed:
  • Takashi Negishi

    (The Japan Academy)

  • Takashi Negishi

    (The University of Tokyo)

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. Marx’s own consideration of the international exploitation was fragmentary, but it was succeeded and developed by modern Marxian 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).

Suggested Citation

  • Takashi Negishi & Takashi Negishi, 2014. "Marx and International Exploitation," Advances in Japanese Business and Economics, in: Developments of International Trade Theory, edition 2, chapter 0, pages 51-59, Springer.
    • Handle: RePEc:spr:advchp:978-4-431-54433-3_7
    DOI: 10.1007/978-4-431-54433-3_7
    as

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