Joan Robinson Quote:
"It's a terrible thing to be a worker exploited in the capitalist system.
The only worse thing is to be a worker unable to find anyone to exploit you."
I dont know where the quote directly comes from but the relevant background
reading are the two chapters on exploitation in Robinson's The Economics of
Imperfect Competition (see also the preface to the second edition and her
work on Marxian Economics).
The point of the qoute is that: 1)on the basis of a value of marginal
product definition of exploitation (ie if you dont receive the value of your
marginal product you are exploited)workers will be exploited in imperfectly
competitive markets; 2) imperfectly competitive markets are the norm; 3)
therefore it is pretty difficult not to be exploited.
Chamberlin, Bloom and others attacked Robinson principally on the grounds
that a definition of exploitation should be based on a marginal revenue
product definition and in any case its best if emotive terms such as
exploitation were not used.
Paul Flatau
Economics
Murdoch University
Murdoch WA 6150
Australia