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The Dynamics of Exploitation and Class in Accumulation Economies
Author(s) -
Cogliano Jonathan F.,
Veneziani Roberto,
Yoshihara Naoki
Publication year - 2016
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/meca.12114
Subject(s) - economics , class (philosophy) , inequality , dynamics (music) , distribution (mathematics) , bargaining power , technical change , persistence (discontinuity) , population , index (typography) , power (physics) , economic system , microeconomics , econometrics , macroeconomics , computer science , mathematics , sociology , mathematical analysis , pedagogy , physics , demography , geotechnical engineering , quantum mechanics , artificial intelligence , world wide web , productivity , engineering
This paper analyses the equilibrium dynamics of exploitation and class in accumulation economies with population growth, technical change and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are investigated, and the role of labor‐saving technical change and, even more importantly, power is highlighted. Second, it is shown that the concept of exploitation provides the foundations for a logically coherent and empirically relevant analysis of inequalities and class relations in advanced capitalist economies. An index that identifies the exploitation level, or intensity of each individual can be defined and its distribution studied using the standard tools developed in the theory of inequality measurement.