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The Philosophy and Economics of Market SocialismA Critical Study$
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N. Scott Arnold

Print publication date: 1995

Print ISBN-13: 9780195088274

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195088274.001.0001

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Economic Exploitation

Economic Exploitation

(p.65) 3 Economic Exploitation
The Philosophy and Economics of Market Socialism

N. Scott Arnold

Oxford University Press

This chapter introduces the concept of economic exploitation, a relationship in the distribution of economic wealth wherein a worker does not receive the proper amount of income or entitlement. The concept was invented by Marx, a concept to which many others have agreed or expressed sympathy towards. A challenge is posed however as to how Marx's concept can be restated or reargued without relying on the labor theory of value. What this chapter aims to do is to introduce a concept of economic exploitation that can be applied to all type of market economies, and not just exclusive to capitalist–worker relations. This chapter explores ideas such as the failure of reciprocity, fair exchanges, and the value of one's contributions. This chapter also delves into the issue of what binds the worker to participate in an exploitative environment and thus questions some of Marx's doctrines on the topic.

Keywords:   economic exploitation, value, failure of reciprocity, fair exchanges, distributive justice, private ownership

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