Abstract
Relations of production in the hammock industry of Yucatan, Mexico, are analyzed using Marx's formula for rate of surplus‐value to measure the exploitation of weavers by merchants. It is argued that the concept of exploitation is useful for analyzing societies in which noncapitalist modes of production are being incorporated into the global capitalist system, and that the exchange theory approach dominant in much of economic anthropology has obstructed the understanding of exploitative economic systems.
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