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degree of labor exploitation

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  • Labor theory of value —    This theory, elaborated by classical economists, most notably David Ricardo in 1817, who had preceded Karl Marx, is the starting point for Marx’s own theory of surplus value or exploitation. According to the labor theory of value the value of… …   Historical dictionary of Marxism

  • Rate of exploitation — The rate of exploitation is a concept in Marxian political economy. It usually refers to the ratio of the total amount of unpaid labor done (surplus value) to the total amount of wages paid (the value of labour power). The rate of exploitation is …   Wikipedia

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