Surplus economics: Difference between revisions
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'''Surplus economics''' is the study of [[economics]] based upon the concept that economies operate on the basis of the production of a surplus over basic needs. |
'''Surplus economics''' is the study of [[economics]] based upon the concept that economies operate on the basis of the production of a surplus over basic needs. |
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==Economic Surplus== |
==Economic Surplus== |
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By economic [[surplus]] is meant all production which is not essential for the continuance of existence. That is to say, all production about which there is a choice as to whether or not it is produced. The economic surplus begins when an economy is first able to produce more than it needs to survive, a surplus to its essentials. |
By economic [[Economic surplus|surplus]] is meant all production which is not essential for the continuance of existence. That is to say, all production about which there is a choice as to whether or not it is produced. The economic surplus begins when an economy is first able to produce more than it needs to survive, a surplus to its essentials. |
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Alternative definitions are: |
Alternative definitions are: |
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==Further reading== |
==Further reading== |
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* [[Henry George]], ''[[Progress and Poverty]]'' [http://www.econlib.org/library/YPDBooks/George/grgPP.html] |
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* What is Surplus Economics? [http://surplus-economics.host-ed.me/wp/] |
* What is Surplus Economics? [http://surplus-economics.host-ed.me/wp/] |
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[[Category:Schools of economic thought]] |
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{{econ-hist-stub}} |
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Latest revision as of 01:13, 11 August 2023
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (April 2023) |
Surplus economics is the study of economics based upon the concept that economies operate on the basis of the production of a surplus over basic needs.
Economic Surplus
[edit]By economic surplus is meant all production which is not essential for the continuance of existence. That is to say, all production about which there is a choice as to whether or not it is produced. The economic surplus begins when an economy is first able to produce more than it needs to survive, a surplus to its essentials.
Alternative definitions are:
- The difference between the value of a society's annual product and its socially necessary cost of production. (Davis, p.1)
- The range of economic freedom at its [society's] disposal, extent able to engage in socially discretionary spending that satisfies more than the basic needs of its producers. (Dawson & Foster in Davis, p.45)
- Income minus essential consumption requirements. (Lippit in Davis p.81)
- The difference between what a society can produce and what a society must produce to reproduce itself. (Standfield in Davis, p.131)
See also
[edit]References
[edit]- Monopoly capital: an essay on the American economic and social order, Paul A. Baran and Paul M. Sweezy
- The Economic surplus in advanced economies, John B. Davis (Ed)
- The economic surplus and neo-Marxism, Ron J. Stanfield
Further reading
[edit]- What is Surplus Economics? [1]
 | This economic history-related article is a stub. You can help Wikipedia by expanding it. |