Showing papers by "Douglass C. North published in 1982"
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TL;DR: In this article, Douglass C. North and John Joseph Wallis present American Government Expenditures: A Historical Perspective, a review of the American economic system from a historical perspective.
Abstract: American Government Expenditures: A Historical Perspective Author(s): Douglass C. North and John Joseph Wallis Source: The American Economic Review, Vol. 72, No. 2, Papers and Proceedings of the NinetyFourth Annual Meeting of the American Economic Association (May, 1982), pp. 336-340 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1802354 . Accessed: 11/04/2011 17:41
49 citations
TL;DR: Roemer as mentioned in this paper argued that exploitation arises from unequal endowments of private property, skills, and status among producers rather than from the production of surplus value, the classical Marxist argument, or from the distributive characteristics of the market itself, a common contemporary argument.
Abstract: JOHN E. Roemer’s article, &dquo;New Directions in the Marxian Theory of Exploitation and Class,&dquo;1 is an important contribution, both because it poses a fundamental issue for Marxist theory-to explain exploitation in a world of voluntary contra.cting-and because it offers the promise of developing a constructive dialogue between Marxist and neoclassical economics, a long overdue development if we are to make further progress in political economy. In Roemer’s account, exploitation arises from unequal endowments of private property, skills, and status among producers rather than from the production of surplus value, the classical Marxist argument,2 or from the distributive characteristics of the market itself, a common contemporary argument. Such
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