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Capital and Exploitation

Science and Society 49 (1):119-121 (1985)

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  1. Roemer's “General” Theory of Exploitation Is a Special Case: The Limits of Walrasian Marxism.James Devine - 1991 - Economics and Philosophy 7 (2):235-275.
    In a series of recent writings, John Roemer 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 ; 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 bethecentral concern of Marxian theory.
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  • Marx on money and crises.Frank Vorhies - 1989 - Critical Review: A Journal of Politics and Society 3 (3-4):531-541.
    MARX'S CRISES THEORY: SCARCITY, LABOR AND FINANCE by Michael Perelman New York: Praeger, 1987. 250 pp., $37.95 Perelman shows that Marx assigns a major role to money in bringing about instability under capitalism. The ideology of cheap credit promotes malinvestment and overproduction, which cause the economic crises that will eventually lead to the revolution that will overthrow capitalism. Yet cheap credit serves the interests of capitalists and the state. After a survey of the nineteenth? and twentieth?century literature on Marx's monetary (...)
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