Labour and capital mobility: Highbrow theory and lowbrow illustrations.
Complete mobility of labour in the long run equalises the 'rate of return' to employment, independently of any particular price structure. Then, given some level of net output, aggregate net value added is proportional to aggregate labour effort, a macroeconomic equal exchange. Complete mobility of...
| Publicado en: | Cambridge Journal of Economics Vol. 50; no. 2; pp. 431 - 456 |
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| Formato: | Artículo |
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Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=192347591&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 192347591 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0309166X CEC jtl: Cambridge Journal of Economics issn: 0309166X maglogo: N pubinfo: dt: Mar2026 vid: 50 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 192347591 10.1093/cje/beaf057 ppf: 431 ppct: 25 formats: tig: atl: Labour and capital mobility: Highbrow theory and lowbrow illustrations. aug: au: Mohun, Simon su: Labor mobility Microeconomics Macroeconomics International business enterprises Capital movements Rate of return sug: subj: Labor mobility Microeconomics Macroeconomics International business enterprises Capital movements Rate of return keyword: copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 equal and unequal exchange exploitation inLanguage:en labour mobility publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/cje/beaf057 copyrightHolder:Cambridge Political Economy Society copyrightYear:2026 equal and unequal exchange exploitation inLanguage:en labour mobility publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/cje/beaf057 ab: Complete mobility of labour in the long run equalises the 'rate of return' to employment, independently of any particular price structure. Then, given some level of net output, aggregate net value added is proportional to aggregate labour effort, a macroeconomic equal exchange. Complete mobility of capital in the long run equalises the rate of profit, a process that creates prices that are different from the prices that directly reflect labour effort in production. Hence, microeconomic unequal exchange is the norm. Then monetised effort appears in locations different from where that effort was performed. Hence, the profit of any and every firm depends upon the exploitation of the world's working class, and not upon the exploitation of its own workforce. Some empirical consequences of this approach are explored for the world's largest 500 firms. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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