ABSTRACT
It will be remembered from Chapter 2 that a positive rate of exploitation, according toMarx’s definition, is a necessary condition for a positive rate of profits(Morishima,1973,pp.63-68).Itwasalsoarguedthattotheextentthat workersaimtoachieveauniformrateofexploitationinthevariousprofessions andindustries,long-termpriceswillevolvewhichwilltendtocoincidewith,if notbecomeidenticalto,labourvalues.