Abstract
Starting from Arghiri Emmanuel’s thesis about the existence of an unequal exchange in the capitalist world market, we question the validity of the Greek-French Marxist’s theory in the light of Marx’s theory of value. We argue that Arghiri’s ideas corrupt the Marxist theory of value and present uncritical, petty bourgeois ideas that are the complete negation of Marxist thought. Arghiri attributes the huge wage gap between central and peripheral countries to the low international mobility of labor, transferring the explanation of unequal exchange from the sphere of production, as Marx argued, to that of circulation.