Get 20M+ Full-Text Papers For Less Than $1.50/day. Subscribe now for You or Your Team.

Learn More →

Uncertainty and Exploitation in History

Uncertainty and Exploitation in History AbstractThe paper builds on the Marxist concept of exploitation to explore the meaning of the Post Keynesian notion of uncertainty. Uncertainty is mediated by institutions and is distributed unevenly among different social groups. As different historical social formations entail different institutional structures, the distribution and nature of uncertainty will also differ. The social configurations between class relations and uncertainty are analyzed for the capitalist, feudal and slave modes of production. It is demonstrated that modes of production do not only imply specific exploitative relations but also different relative distributions of uncertainty amongst classes. The joining of Marxian and Post Keynesian approaches allows for a richer understanding of exploitive relations and illuminates the full societal impact of uncertainty. It is shown that only in capitalism is the exploited class exposed to a substantial degree of economic uncertainty. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Issues Taylor & Francis

Uncertainty and Exploitation in History

20 pages

Loading next page...
 
/lp/taylor-francis/uncertainty-and-exploitation-in-history-vUPnWwImH0

References (174)

Publisher
Taylor & Francis
Copyright
© 2008 by Journal of Economic Issues–Association for Evolutionary Economics.
ISSN
1946-326X
eISSN
0021-3624
DOI
10.1080/00213624.2008.11507120
Publisher site
See Article on Publisher Site

Abstract

AbstractThe paper builds on the Marxist concept of exploitation to explore the meaning of the Post Keynesian notion of uncertainty. Uncertainty is mediated by institutions and is distributed unevenly among different social groups. As different historical social formations entail different institutional structures, the distribution and nature of uncertainty will also differ. The social configurations between class relations and uncertainty are analyzed for the capitalist, feudal and slave modes of production. It is demonstrated that modes of production do not only imply specific exploitative relations but also different relative distributions of uncertainty amongst classes. The joining of Marxian and Post Keynesian approaches allows for a richer understanding of exploitive relations and illuminates the full societal impact of uncertainty. It is shown that only in capitalism is the exploited class exposed to a substantial degree of economic uncertainty.

Journal

Journal of Economic IssuesTaylor & Francis

Published: Mar 1, 2008

Keywords: fundamental uncertainty; exploitation; mode of production; Post Keynesian economics; Marxian economics; B50; B51; N33; N34

There are no references for this article.