at http://myweb.lmu.edu/jdevine/JD-NCMofExploitDraft.pdf , I've posted a copy a complete draft of a mathematical paper in which I try to square the circle, i.e., try to explain the Marxian theory of exploitation in neoclassical terms, or rather, in as neoclassical terms as is humanly possible. I hope that it supercedes the exploitation-as-scarcity-rent theory of John Roemer.
all comments are welcome. -- Jim Devine / "Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate."-- Bertrand Russell
