Value, labour power and exploitation

  • George Catephores


Following on from the general presentation of the labour theory of value in Chapter 3, the present chapter goes on to apply that theory to the question of exploitation. It begins with a description of the attitude of economic theorists to this problem, continues with a detailed analysis of the Marxist view and concludes with some comments on two non-Marxist explanations of the phenomenon of profit.


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Further reading

  1. Bose, A., Marxian and Post-Marxian Political Economy: An Introduction (London, 1975).Google Scholar
  2. Cohen, G. A., ‘The Labour Theory of Value and the Concept of Exploitation’ in Steedman, I. et al., The Value Controversy (Verso, London, 1981).Google Scholar
  3. Gintis, Herbert and Bowles, Samuel, ‘Structure and Practice in the Labour Theory of Value’, Review of Radical Political Economics, 12:4. (Winter, 1981).Google Scholar
  4. Rowthorn, Bob, Capitalism, Conflict and Inflation: Essays in Political Economy (Lawrence & Wishart, London, 1980).Google Scholar

Copyright information

© George Catephores 1989

Authors and Affiliations

  • George Catephores

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