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hayeks response to markxs exploitation

   
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Title: hayeks response to markxs exploitation
 
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Subject: Social Issues
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Date: February 29, 1996
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Length: 3 / 768
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Last, the capitalist can decrease the wage given to the workers by either giving the jobs to migrants who are willing to work for cheaper or to move the production facility to a place where cheap labour can be found. Hayek's response to Marx would be that it is skill and luck, and the processes of the market forces that determine the position an individual has on the income ladder...
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Also exploitation cannot occur as exploitation needs to be unjust, and as Hayek argues that there is no such thing as social justice, there cannot be exploitation. The issue of the market and social justice are inexplicitly linked through the terms of how there is no such thing as justice when dealing with the market...
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