From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Sun Dec 24 2006 - 20:23:51 EST
A REFUTATION OF THE COMMODITY EXPLOITATION THEOREM Takao Fujimoto and Yukihiko Fujita Fukuoka University, Japan ABSTRACT This note is to show that the generalized commodity exploitation theorem put forward by Bowles and Gintis (1981) and Roemer (1982, 1986) is nothing but an alternative form of the Hawkins-Simon condition for a given technical data, and that it has nothing to do with exploitation. That is, the Hawkins-Simon condition means a mere possibility of an economic system to produce a surplus in each commodity, and as such does not guarantee the existence of positive profits. To consider exploitation or the existence of positive profits, we need to introduce prices at which unequal exchanges may be carried out. I will send full article by request Alejandro Valle Baeza -- Posgrado Facultad de Economía Av. Universidad 3000 Circuito interior México 04510, DF México Tel. 55-56222148 fax 55-56222158 Página web: http://usuarios.lycos.es/vallebaeza
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