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Screpanti versus Marx on exploitation: a comment

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  • Andrew Kliman

Abstract

Ernesto Screpanti recently claimed to prove that Marx's value theory is logically inconsistent. Jettisoning the value theory, he then reconstructed Marx's theory of exploitation in a manner that supposedly preserves the gist of the original. This note shows that Screpanti's proof of inconsistency is invalid and that his reconstruction contradicts the original theory of exploitation in significant ways, for instance by implying that workers who perform surplus labor can exploit capitalists.

Suggested Citation

  • Andrew Kliman, 2006. "Screpanti versus Marx on exploitation: a comment," Review of Political Economy, Taylor & Francis Journals, vol. 18(2), pages 265-269.
    • Handle: RePEc:taf:revpoe:v:18:y:2006:i:2:p:265-269
    DOI: 10.1080/09538250600571585
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    References listed on IDEAS

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    1. Hollander, Samuel, 1990. "Ricardian Growth Theory: A Resolution of Some Problems in Textual Interpretation: Reply," Oxford Economic Papers, Oxford University Press, vol. 42(4), pages 769-771, October.
    2. Ernesto Screpanti, 2003. "Value and Exploitation: A counterfactual approach," Review of Political Economy, Taylor & Francis Journals, vol. 15(2), pages 155-171.
    3. Alan Freeman & Andrew Kliman & Julian Wells (ed.), 2004. "The New Value Controversy and the Foundations of Economics," Books, Edward Elgar Publishing, number 2274.
    4. Richard D. Wolff & Antonino Callari & Bruce Roberts, 1984. "A Marxian Alternative to the Traditional "Transformation Problem"," Review of Radical Political Economics, Union for Radical Political Economics, vol. 16(2-3), pages 115-135, June.
    5. Hollander, Samuel, 1990. "Ricardian Growth Theory: A Resolution of Some Problems in Textual Interpretation," Oxford Economic Papers, Oxford University Press, vol. 42(4), pages 730-750, October.
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