Contents -- 1. Introduction -- The Private Property System -- Exploitation -- Classes -- Historical Materialism -- Capitalism and Freedom -- Method -- A Preview -- 2. The Origin of Exploitation -- An Egalitarian Distribution of Capital -- The Technical Definition of Exploitation -- Unequal Ownership of the Capital Stock -- The Causes of Exploitation -- The Industrial Reserve Army -- Concluding Comments -- 3. Feudalism and Capitalism -- A Brief Account of Feudalism -- A Difference between Capitalism and Feudalism -- 4. Exploitation and Profits -- Embodied Labor and Exploitation -- Prices and the Profit Rate -- The Relationship between Exploitation and Profits -- An Economy with Many Produced Goods -- The Social Division of Labor and the Perception of Exploitation -- The Labor Theory of Value -- 5. The Morality of Exploitation -- Exploitation as the Source of Profits -- The Initial Distribution -- Justification of Unequal Distribution -- 6. The Emergence of Class -- A Definition of Equilibrium for a Corn Model with Assets -- Class Formation -- Class and Wealth -- Class and Exploitation -- The Significance of Class -- Exploitation Deemphasized -- 7. Exploitation without a Labor Market -- The Corn Economy with a Capital Market -- Capital Market Island: The Five-Class Model -- Capital Markets and Workers' Cooperatives -- Exploitation without Labor or Capital Markets -- International Capitalism: Imperialism and Labor Migration -- Domination versus Exploitation versus Property Relations -- 8. Historical Materialism -- Economic Structure, Productive Forces, and Superstructure -- The Role of Class Struggle -- The Logic of the Theory -- Challenges from Economic History -- Evolving Property Relations -- 9. Evolving Forms of Exploitation -- Historical Materialism and Private Property -- The Failure of Surplus Value as a Measure of Exploitation.

A Property-Relations Approach to Capitalist Exploitation -- Feudal Exploitation -- A Comparison of Revolutionary Transitions -- Socialist Exploitation -- Socially Necessary Exploitation -- Syndicalization versus Socialization -- 10. Public Ownership of the Means of Production -- The Case for Public Ownership -- Three Political Philosophies -- The Story of Able and Infirm -- Characterization of an Economic Constitution -- Evaluation -- 11. Epilogue -- Appendix: Statements and Proofs of Theorems -- Bibliographical Notes -- References -- Index.