Exploitation theory - Revision history

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	* {{mb\|17824\|What about the exploitation theory?\|Jim Fedako\|July 2011}}		* {{mb\|17824\|What about the exploitation theory?\|Jim Fedako\|July 2011}}
	* {{md\|1680\|Böhm-Bawerk’s Critique of the Exploitation Theory of Interest\|[[Robert P. Murphy]]\|November 2004}}		* {{md\|1680\|Böhm-Bawerk’s Critique of the Exploitation Theory of Interest\|[[Robert P. Murphy]]\|November 2004}}
	* "Marxist and Austrian Class Analysis" ([~~http~~://~~mises~~.org/journals/jls/~~9_2~~/~~9_2_5.pdf~~ PDF]) by [[Hans-Hermann Hoppe]], Fall 1990		* "Marxist and Austrian Class Analysis" ([https://freecapitalists.org/journals/jls/9-2-5/ PDF]) by [[Hans-Hermann Hoppe]], Fall 1990

	* {{wplink}}		* {{wplink}}

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	==Links==		==Links==
	* [~~http~~://mises.org/daily/1729 "Classical Economics vs. The Exploitation Theory"] by [[George Reisman]], January 2005		* [https://mises.freecapitalists.org/daily/1729 "Classical Economics vs. The Exploitation Theory"] by [[George Reisman]], January 2005
	* {{md\|4567\|Classical-Liberal Exploitation Theory\|Ralph Raico\|July 2010}}		* {{md\|4567\|Classical-Liberal Exploitation Theory\|Ralph Raico\|July 2010}}
	* {{mb\|17425\|Exploitation theory in reverse\|Jim Fedako\|June 2011}}		* {{mb\|17425\|Exploitation theory in reverse\|Jim Fedako\|June 2011}}

FormerContributor-78162cb3: irony

2012-08-11T12:53:59Z

irony

← Older revision		Revision as of 12:53, 11 August 2012
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	The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" /> [[Ludwig von Mises]] writes:<ref>{{cite book\|title=Socialism\|author=von Mises, Ludwig\|url=http://mises.org/books/socialism/part1_ch.1.aspx#_sec3\|chapter=The Theory of Violence and the Theory of Contract}}</ref>		The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" /> [[Ludwig von Mises]] writes:<ref>{{cite book\|title=Socialism\|author=von Mises, Ludwig\|url=http://mises.org/books/socialism/part1_ch.1.aspx#_sec3\|chapter=The Theory of Violence and the Theory of Contract}}</ref>
	{{cquote\|The last resort of the critics of the liberal ideal of society is to attempt to destroy it with the weapons it itself provides. They seek to prove that it serves and wants to serve only the interests of single classes; that the peace, for which it seeks, favours only a restricted circle and is harmful to all others. Even the social order, achieved in the constitutional modern state, is based on violence. The free contracts on which it pretends to rest are really, they say, only the conditions of a peace dictated by the victors to the vanquished, the terms being valid as long as the power from which they sprang continues, and no longer. All ownership is founded on violence and maintained by violence. The free workers of the liberal society are nothing but the unfree of feudal times. The entrepreneur exploits them as a feudal lord exploited his serfs, as a planter exploited his slaves. That such and similar objections can be made and believed will show how far the understanding of liberal theories has decayed.}}		{{cquote\|The last resort of the critics of the liberal ideal of society is to attempt to destroy it with the weapons it itself provides. They seek to prove that it serves and wants to serve only the interests of single classes; that the peace, for which it seeks, favours only a restricted circle and is harmful to all others. Even the social order, achieved in the constitutional modern state, is based on violence. The free contracts on which it pretends to rest are really, they say, only the conditions of a peace dictated by the victors to the vanquished, the terms being valid as long as the power from which they sprang continues, and no longer. All ownership is founded on violence and maintained by violence. The free workers of the liberal society are nothing but the unfree of feudal times. The entrepreneur exploits them as a feudal lord exploited his serfs, as a planter exploited his slaves. That such and similar objections can be made and believed will show how far the understanding of liberal theories has decayed.}}
			Ironically, by enacting laws taxing and regulating the employer in such a way that he is forced to work for less than what he would have obtained through voluntary transactions, the activists and politicians who believe in exploitation theory [[slavery\|enslave]] (and, by implication, exploit) employers.

	==See also==		==See also==

FormerContributor-78162cb3 at 21:25, 22 July 2012

2012-07-22T21:25:14Z

← Older revision		Revision as of 21:25, 22 July 2012
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	The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" />		The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" /> [[Ludwig von Mises]] writes:<ref>{{cite book\|title=Socialism\|author=von Mises, Ludwig\|url=http://mises.org/books/socialism/part1_ch.1.aspx#_sec3\|chapter=The Theory of Violence and the Theory of Contract}}</ref>
			{{cquote\|The last resort of the critics of the liberal ideal of society is to attempt to destroy it with the weapons it itself provides. They seek to prove that it serves and wants to serve only the interests of single classes; that the peace, for which it seeks, favours only a restricted circle and is harmful to all others. Even the social order, achieved in the constitutional modern state, is based on violence. The free contracts on which it pretends to rest are really, they say, only the conditions of a peace dictated by the victors to the vanquished, the terms being valid as long as the power from which they sprang continues, and no longer. All ownership is founded on violence and maintained by violence. The free workers of the liberal society are nothing but the unfree of feudal times. The entrepreneur exploits them as a feudal lord exploited his serfs, as a planter exploited his slaves. That such and similar objections can be made and believed will show how far the understanding of liberal theories has decayed.}}

	==See also==		==See also==

John James: added see also+links

2012-06-29T02:38:27Z

added see also+links

← Older revision		Revision as of 02:38, 29 June 2012
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	The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" />		The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" />

	==~~References~~==		==See also==
			* [[Austrian class analysis]]

			==Notes==
	{{reflist}}		{{reflist}}

	==Links==		==Links==
			* [http://mises.org/daily/1729 "Classical Economics vs. The Exploitation Theory"] by [[George Reisman]], January 2005
			* {{md\|4567\|Classical-Liberal Exploitation Theory\|Ralph Raico\|July 2010}}
			* {{mb\|17425\|Exploitation theory in reverse\|Jim Fedako\|June 2011}}
			* {{mb\|17824\|What about the exploitation theory?\|Jim Fedako\|July 2011}}
			* {{md\|1680\|Böhm-Bawerk’s Critique of the Exploitation Theory of Interest\|[[Robert P. Murphy]]\|November 2004}}
			* "Marxist and Austrian Class Analysis" ([http://mises.org/journals/jls/9_2/9_2_5.pdf PDF]) by [[Hans-Hermann Hoppe]], Fall 1990

	* {{wplink}}		* {{wplink}}
	* [http://mises.org/daily/1729 Classical Economics vs. The Exploitation Theory] by George Reisman, January 2005


			{{Stub}}
	[[Category:Economic concepts]]		[[Category:Economic concepts]]
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Matthew at 23:00, 7 December 2011

2011-12-07T23:00:00Z

← Older revision		Revision as of 23:00, 7 December 2011
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	The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" />		The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist\|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century, such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" />

	==References==		==References==

Matthew: created initial page

2011-12-07T22:58:40Z

created initial page

New page

The '''exploitation theory''' is a theory which attempts to explain the origin of profits which accrue to [[capitalist|capitalists]] as being the result of the curtailment of wages which should go to the laborer. The exploitation theory which is one of the pillars of [[Marxism]], was also put forth by other economists in the 19th century such as the German [[socialist]] Johann Karl Rodbertus. The theory is based on the [[labor theory of value]], or in other words the view that all goods that have value are the product of human labor. The conclusion of the labor theory of value led proponents of the exploitation theory to put forth the view that laborers, being the sole creaters of value, are entitled to the whole value of the goods they produce.<ref name="capitalandinterest">[[Eugen von Böhm-Bawerk]]. "Capital and Interest: History and Critique of Interest Theories", 1959, page 241.</ref> However, according the the exploitation theory, because the capitalists have control of the means of production, as a result of the institution of [[private property]], they are able to force the laborer into a wage contract which only pays them a fraction of what they produce, the remainder going to the capitalist as [[profit]].<ref name="capitalandinterest" />

==References==
{{reflist}}

==Links==
* {{wplink}}
* [http://mises.org/daily/1729 Classical Economics vs. The Exploitation Theory] by George Reisman, January 2005

[[Category:Economic concepts]]
{{Stub}}