Editing Neo-Marxism (section)

==== [[File:Neoclassical.png]] Neoclassical Economics ====
In his ''A General Theory of Exploitation and Class'' (1982), the American economist John Roemer employed rational choice and game theory to demonstrate how exploitation and class relations may arise in the development of a market for labour. Roemer would go on to reject the necessity of the labour theory of value to explain exploitation and class. Value was in principle capable of being explained in terms of any class of commodity inputs, such as oil, wheat, etc., rather than being exclusively explained by embodied labour power. Roemer was led to the conclusion that exploitation and class were thus generated not in the sphere of production but of market exchange. Significantly, as a purely technical category, exploitation did not always imply a moral wrong.