Unequal Exchange and Uneven Development

Datos Bibliográficos

ID4475520
AutoresP H Foot, S P H FOOT (McMaster University), M Webber (0000-0002-7697-3453, McMaster University), M J Webber (McMaster University)
Año1983
Volumen1
Número3
Páginas281-304
Fecha de publicación1983-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaEnvironment and Planning D Society and Space (JOURNAL)
Identificadores de la revistaISSN: 0263-7758 • E-ISSN: 1472-3433
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1068/d010281
OpenAlexW2069984501
IdiomaEN
Citas recibidas9
Referencias citadas22

Arghiri Emmanuel's theory of unequal exchange is criticised for its inconsistent use of Marxian categories. An alternative theory is proposed, and interpreted, not as a single cause of uneven development, but as a contributory factor. It is more accurate to record unequal exchange as a process which keeps the rate of profit high in developed sectors of production than as a geographical transfer of value which speeds the rate of accumulation in certain areas. Empirical evidence, obtained by calculating labour values in different countries from input-output data, shows that unequal exchange is an extremely important process in terms of its magnitude. The evidence also suggests that the deviation of observed prices from prices of production may be a more important component of unequal exchange than the deviation of prices of production from values

Econometrics · Economics · Exchange rate · Macroeconomics · Microeconomics · Monetary economics · Production (economics · Profit (economics · Statistics · Value (mathematics · Economic Theory and Institutions · Economic Theory and Policy · Mathematics · Political Economy and Marxism