In this note, we comment on two aspects of the analysis presented in Eswaran’s article “The Nature of Labor’s Vulnerability to Exploitation.” First, we compare Eswaran’s neoclassical views of labor exploitation with the standard Marxian understanding of labor exploitation. Second, we delve deeper into Eswaran’s model and raise a set of questions about his analysis.
AshenfelterOrley C.FarberHenryRansomMichael R.2010. Modern Models of Monopsony in Labour Markets: A Brief Study. IZA Discussion Paper no. 4915. Bonn: Institute for the Study of Labor. Accessed at: https://docs.iza.org/dp4915.pdf.
2.
BasuDeepankar. 2023. Exploitation of labor or exploitation of commodities?Review of Radical Political Economics55 (2): 233–50.
3.
BasuDeepankarHaasCameronMoraitisThanos. 2024. Intensification of labor and the rate and form of exploitation. Review of Radical Political Economics56 (1): 26–50.
4.
EswaranMukesh. 2024. The nature of labor’s vulnerability to exploitation. Review of Radical Political Economics56 (4):.
5.
MarxKarl. (1867) 1992. Capital: A Critique of Political Economy, volume 1. New York: Penguin.
