Naoki Yoshihara
Biographic Data
| ID | 2515200 |
|---|---|
| NAME | Naoki Yoshihara |
| GIVEN NAMES | Naoki |
| FAMILY NAME | Yoshihara |
| SIGNATURE | YOSHIHARA N |
| AFFILIATIONS | Hitotsubashi University |
| ORCID | 0000-0002-0804-787X |
| VERIFIED | Yes |
| TOTAL WORKS | 21 |
| TOTAL CITATIONS | 10 |
| WORKS AS AUTHOR | 20 |
| WORKS AS EDITOR | 1 |
| FIRST PUBLICATION YEAR | 1998 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 1 |
The dynamics of international exploitation
This paper develops a framework to analyse imperialistic international relations (IIR) and the dynamics of international exploitation. A new exploitation index is proposed which captures the territorial structure of IIR: wealthy nations are net lenders and exploiters, whereas endowment-poor countries are net borrowers and exploited. Capital flows transfer surplus from countries in the periphery of the global economy to those in the core. However,…
Putting labour values to work
Conventional wisdom has it that Marxian value theory, and labour values themselves, are logically inconsistent, theoretically shaky, and empirically irrelevant. In this paper, we discuss recent research showing that this conclusion is not warranted. While past debates have definitively proved that labour values, or employment multipliers, cannot be used to explain equilibrium prices, this does not mean that a sound, empirically oriented Marxian a…
On the labor theory of value as the basis for the analysis of economic inequality in the capitalist economy
In this paper, we review the labor theory of value as the basis for the analysis of economic inequality in a capitalist economy. According to the standard Marxian view, the system of labor values of individual commodities can serve as the center of gravity for long-term price fluctuations in a precapitalist economy with simple commodity-production, where no exploitative social relation emerges, while in a modern capitalist economy, the labor valu…
Exploitation, skills, and inequality
This paper uses a computational framework to analyse the equilibrium dynamics of exploitation and inequality in accumulation economies with heterogeneous labour. A novel index is presented which measures the intensity of exploitation at the individual level and the dynamics of the distribution of exploitation intensity is analysed. Various taxation schemes are analysed which may reduce exploitation or inequalities in income and wealth. It is show…
The Theory of Exploitation as the Unequal Exchange of Labour
This paper explores the foundations of the theory of exploitation as the unequal exchange of labour (UEL). The key intuitions behind all of the main approaches to UEL exploitation are explicitly analysed as a series of formal axioms in a general economic environment. Then, a single domain condition called Labour Exploitation is formulated, which summarizes the foundations of UEL exploitation theory, defines the basic domain of all UEL exploitatio…
Securing basic well-being for all
The purpose of this article is to examine the possibility of a social choice rule to implement a social policy for “securing basic well-being for all.” The article introduces a new scheme of social choice, called a social relation function (SRF), which associates a reflexive and transitive binary relation over a set of social policies to each profile of individual well-being appraisals and each profile of group evaluations. As part of the domains…
A Progress Report on Marxian Economic Theory
This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the proper definition of exploitation since the contribution of Okishio. The report first examines the debates on the Fundamental Marxian Theorem and Class‐Exploitation Correspondence Principle, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer. Then…
One million miles to go
This paper analyses the Marxian theory of exploitation. The axiomatic approach standard in social choice theory is adopted in order to study the concept of exploitation—what it is and how it should be captured empirically. Two properties are presented that capture some fundamental Marxian insights. It is shown that, contrary to the received view, there exists a nonempty class of definitions of exploitation that preserve the relation between explo…
A Progress Report on Marxian Economic Theory
This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the proper definition of exploitation since the contribution of Okishio. The report first examines the debates on the Fundamental Marxian Theorem and Class‐Exploitation Correspondence Principle, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer. Then…
The Dynamics of Exploitation and Class in Accumulation Economies
This paper analyses the equilibrium dynamics of exploitation and class in accumulation economies with population growth, technical change and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are investigated, and the role of labor‐saving technical change and, even more importantly, power is highlighted. Second, it is shown that the concept of exploitation pro…
Exploitation in economies with heterogeneous preferences, skills and assets
This paper provides a novel axiomatic analysis of exploitation as the unequal exchange of labour in economies with heterogeneous optimising agents endowed with unequal amounts of physical and human capital. A definition of exploitation is proposed, which emphasises the relational nature of exploitation and the resulting inequalities in the allocation of labour and income. It is shown that, among all of the major definitions, this is the only one …
Exploitation of Labor and Exploitation of Commodities
In the standard Okishio-Morishima approach, the existence of profits is proved to be equivalent to the exploitation of labor. Yet, it can also be proved that the existence of profits is equivalent to the “exploitation” of any good. Labor and commodity exploitation are just different numerical representations of the productiveness of the economy. This paper presents an alternative approach to exploitation theory which is related to the “New Interp…
Rationality and solutions to nonconvex bargaining problems
Profits and exploitation
Strong Subjectivism in the Marxian Theory of Exploitation: A Critique
This paper critically analyses the strongly subjectivist approach to exploitation theory proposed by Matsuo on this journal, in general convex economies with heterogeneous agents. It is proved that the Fundamental Marxian Theorem is not preserved and that no meaningful subjectivist exploitation index can be constructed. A minimal objectivism is necessary in exploitation theory, whereby subjective preferences do not play a direct, definitional rol…
Commodity Content in a General Input-Output Model: A Comment
This paper critically analyses the approach to the determination of values, or commodity contents, developed by Fujimoto and Opocher in 2009. Even setting aside various problematic definitional issues, the broader implications of the approach for classical theory are unclear. First, the value-theoretic definitions of skill differentials and bads capture at best necessary conditions and it is unlikely that such definitions can be provided by focus…
Class and exploitation in general convex cone economies
Rational Choice and Social Welfare
Rational Choice and Social Welfare
A class of fair distribution rules à la Rawls and Sen
Characterizations of the public and private ownership solutions
Exploitation in economies with heterogeneous preferences, skills and assets
This paper provides a novel axiomatic analysis of exploitation as the unequal exchange of labour in economies with heterogeneous optimising agents endowed with unequal amounts of physical and human capital. A definition of exploitation is proposed, which emphasises the relational nature of exploitation and the resulting inequalities in the allocation of labour and income. It is shown that, among all of the major definitions, this is the only one …
The dynamics of international exploitation
This paper develops a framework to analyse imperialistic international relations (IIR) and the dynamics of international exploitation. A new exploitation index is proposed which captures the territorial structure of IIR: wealthy nations are net lenders and exploiters, whereas endowment-poor countries are net borrowers and exploited. Capital flows transfer surplus from countries in the periphery of the global economy to those in the core. However,…
On the labor theory of value as the basis for the analysis of economic inequality in the capitalist economy
In this paper, we review the labor theory of value as the basis for the analysis of economic inequality in a capitalist economy. According to the standard Marxian view, the system of labor values of individual commodities can serve as the center of gravity for long-term price fluctuations in a precapitalist economy with simple commodity-production, where no exploitative social relation emerges, while in a modern capitalist economy, the labor valu…
Exploitation, skills, and inequality
This paper uses a computational framework to analyse the equilibrium dynamics of exploitation and inequality in accumulation economies with heterogeneous labour. A novel index is presented which measures the intensity of exploitation at the individual level and the dynamics of the distribution of exploitation intensity is analysed. Various taxation schemes are analysed which may reduce exploitation or inequalities in income and wealth. It is show…
Characterizations of the public and private ownership solutions
A class of fair distribution rules à la Rawls and Sen
Rational Choice and Social Welfare
Rational Choice and Social Welfare
Commodity Content in a General Input-Output Model: A Comment
This paper critically analyses the approach to the determination of values, or commodity contents, developed by Fujimoto and Opocher in 2009. Even setting aside various problematic definitional issues, the broader implications of the approach for classical theory are unclear. First, the value-theoretic definitions of skill differentials and bads capture at best necessary conditions and it is unlikely that such definitions can be provided by focus…
Class and exploitation in general convex cone economies
Strong Subjectivism in the Marxian Theory of Exploitation: A Critique
This paper critically analyses the strongly subjectivist approach to exploitation theory proposed by Matsuo on this journal, in general convex economies with heterogeneous agents. It is proved that the Fundamental Marxian Theorem is not preserved and that no meaningful subjectivist exploitation index can be constructed. A minimal objectivism is necessary in exploitation theory, whereby subjective preferences do not play a direct, definitional rol…
Profits and exploitation
Exploitation of Labor and Exploitation of Commodities
In the standard Okishio-Morishima approach, the existence of profits is proved to be equivalent to the exploitation of labor. Yet, it can also be proved that the existence of profits is equivalent to the “exploitation” of any good. Labor and commodity exploitation are just different numerical representations of the productiveness of the economy. This paper presents an alternative approach to exploitation theory which is related to the “New Interp…
Rationality and solutions to nonconvex bargaining problems
Exploitation in economies with heterogeneous preferences, skills and assets
This paper provides a novel axiomatic analysis of exploitation as the unequal exchange of labour in economies with heterogeneous optimising agents endowed with unequal amounts of physical and human capital. A definition of exploitation is proposed, which emphasises the relational nature of exploitation and the resulting inequalities in the allocation of labour and income. It is shown that, among all of the major definitions, this is the only one …
The Dynamics of Exploitation and Class in Accumulation Economies
This paper analyses the equilibrium dynamics of exploitation and class in accumulation economies with population growth, technical change and bargaining by adopting a novel computational approach. First, the determinants of the emergence and persistence of exploitation and class are investigated, and the role of labor‐saving technical change and, even more importantly, power is highlighted. Second, it is shown that the concept of exploitation pro…
A Progress Report on Marxian Economic Theory
This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the proper definition of exploitation since the contribution of Okishio. The report first examines the debates on the Fundamental Marxian Theorem and Class‐Exploitation Correspondence Principle, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer. Then…
One million miles to go
This paper analyses the Marxian theory of exploitation. The axiomatic approach standard in social choice theory is adopted in order to study the concept of exploitation—what it is and how it should be captured empirically. Two properties are presented that capture some fundamental Marxian insights. It is shown that, contrary to the received view, there exists a nonempty class of definitions of exploitation that preserve the relation between explo…
A Progress Report on Marxian Economic Theory
This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the proper definition of exploitation since the contribution of Okishio. The report first examines the debates on the Fundamental Marxian Theorem and Class‐Exploitation Correspondence Principle, developed mainly in the 1970s and 1980s, followed by the property relation theory of exploitation by Roemer. Then…
The Theory of Exploitation as the Unequal Exchange of Labour
This paper explores the foundations of the theory of exploitation as the unequal exchange of labour (UEL). The key intuitions behind all of the main approaches to UEL exploitation are explicitly analysed as a series of formal axioms in a general economic environment. Then, a single domain condition called Labour Exploitation is formulated, which summarizes the foundations of UEL exploitation theory, defines the basic domain of all UEL exploitatio…
Securing basic well-being for all
The purpose of this article is to examine the possibility of a social choice rule to implement a social policy for “securing basic well-being for all.” The article introduces a new scheme of social choice, called a social relation function (SRF), which associates a reflexive and transitive binary relation over a set of social policies to each profile of individual well-being appraisals and each profile of group evaluations. As part of the domains…
Exploitation, skills, and inequality
This paper uses a computational framework to analyse the equilibrium dynamics of exploitation and inequality in accumulation economies with heterogeneous labour. A novel index is presented which measures the intensity of exploitation at the individual level and the dynamics of the distribution of exploitation intensity is analysed. Various taxation schemes are analysed which may reduce exploitation or inequalities in income and wealth. It is show…
On the labor theory of value as the basis for the analysis of economic inequality in the capitalist economy
In this paper, we review the labor theory of value as the basis for the analysis of economic inequality in a capitalist economy. According to the standard Marxian view, the system of labor values of individual commodities can serve as the center of gravity for long-term price fluctuations in a precapitalist economy with simple commodity-production, where no exploitative social relation emerges, while in a modern capitalist economy, the labor valu…
Putting labour values to work
Conventional wisdom has it that Marxian value theory, and labour values themselves, are logically inconsistent, theoretically shaky, and empirically irrelevant. In this paper, we discuss recent research showing that this conclusion is not warranted. While past debates have definitively proved that labour values, or employment multipliers, cannot be used to explain equilibrium prices, this does not mean that a sound, empirically oriented Marxian a…
The dynamics of international exploitation
This paper develops a framework to analyse imperialistic international relations (IIR) and the dynamics of international exploitation. A new exploitation index is proposed which captures the territorial structure of IIR: wealthy nations are net lenders and exploiters, whereas endowment-poor countries are net borrowers and exploited. Capital flows transfer surplus from countries in the periphery of the global economy to those in the core. However,…
Economics (18 works) · Mathematics (15 works) · Computer Science (14 works) · Mathematical economics (14 works) · Political Economy and Marxism (13 works) · Economic Theory and Policy (12 works) · Microeconomics (12 works) · Axiom (9 works) · Neoclassical economics (9 works) · Economic Theory and Institutions (8 works)