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surplus

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Journal Article
History of Political Economy (2015) 47 (4): 577–603.
Published: 01 December 2015
... that are produced not for the consumption of their respective producer but for the market are described as surplus produce. As we will see in the next paragraph, such surpluses exist because there is a market for them. They would not be produced without a market. An effective demand is the precondition...
Journal Article
History of Political Economy (1985) 17 (3): 419–454.
Published: 01 September 1985
...'s.” History of Political Economy 4 : 379 -405. Schmalensee , Richard , 1972 . “Option Demand and Consumer's Surplus: Valuing Price Changes Under Uncertainty.” American Economic Review 62 : 813 -824. Silberberg , Eugene , 1972 . “Duality and the Many Consumer's Surpluses...
Journal Article
History of Political Economy (1986) 18 (3): 443–454.
Published: 01 September 1986
... 1972 . ‘Profits and surplus value: appearance and reality in capitalist production.’ In E. K. Hunt and J. G. Schwartz, eds., A critique of economic theory (Harmondsworth), 312 -46. Meek , Ronald L. 1956 . ‘Some notes on the transformation problem.’ Economic Journal 66 : 94 -107...
Journal Article
History of Political Economy (1986) 18 (3): 455–462.
Published: 01 September 1986
.... ): 397 -400. Marx , Karl 1959 . Capital , vol. III (1894), edited by Engels. Moscow. Marx , Karl 1962 . Theories of surplus value , Part 1, Moscow. Meek , R. L. 1976 . ‘The 'historical’ transformation problem. In R. L. Meek, Smith, Marx, and after (London, 1978), Essay 7...
Journal Article
History of Political Economy (1996) 28 (3): 513–523.
Published: 01 September 1996
... thought have made more of the vent-for-surplus doctrine than Smith ever intended. Or, it is quite possi- ble that for advanced countries Smith never intended for his doctrine to be consistent with his system of perfect liberty: after all, the surpluses of commodities that he used as examples...
Journal Article
History of Political Economy (2002) 34 (1): 225–236.
Published: 01 March 2002
... in Retrospect . 5th ed. Cambridge: Cambridge University Press. ____. 1999 . Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach. HOPE 31.2 : 213 -36. Clark, John Bates. [1899] 1965 . The Distribution of Wealth: A Theory of Wages, Interest, and Profits . New York...
Journal Article
History of Political Economy (2002) 34 (1): 237–240.
Published: 01 March 2002
... . Cambridge: Cambridge University Press. Kurz and Salvadori on the Sraffian Interpretation of the Surplus Approach Mark Blaug When intelligent historians differ in their interpretation of the past, the principal reason they do so is that they differ in the very purpose of historical explanation...
Journal Article
History of Political Economy (1999) 31 (2): 213–236.
Published: 01 June 1999
... Economic Review 73 . 2 : 309 -13. Garegnani , Pierangelo . 1984 . Value and Distribution in Classical Economists and Marx. Oxford Economic Papers 36 . 2 : 291 -325. Garegnani , Pierangelo . 1987 . Surplus Approach to Value and Distribution. In vol. 4 of The New Palgrave: A Dictionary...
Journal Article
History of Political Economy (1973) 5 (2): 438–448.
Published: 01 June 1973
... the value of the surplus in its trading partner is not discussed. A related problem is, however, briefly treated. Suppose that, although the value of the surpluses are the same, one country’s home demand for the other’s product is less than the amount of surplus the other country can...
Journal Article
History of Political Economy (2015) 47 (4): 547–575.
Published: 01 December 2015
... accompany their satisfac- tion. In terms of consumer rents, this means that any attempt to treat the summation of individual surpluses as a measure of total happiness can no longer be maintained (Pigou 1903, 68). Does this imply that the practical usefulness of the notion of consumer surplus...
Journal Article
History of Political Economy (2016) 48 (3): 449–470.
Published: 01 September 2016
... by Karl Kautsky. The writing of the article was motivated by the publication, the previous year, of the third volume of Theories of Surplus-Value , containing Marx's analysis of the work of Richard Jones, as well as by the simultaneous appearance of a German edition of Thomas Mun's England's Treasure...
Journal Article
History of Political Economy (2011) 43 (3): 591–605.
Published: 01 September 2011
...Pierangelo Garegnani Ten years on, Professor Blaug has returned to a subject on which his 1999 article, “Misunderstanding Classical Economics: The Sraffian Interpretation of the Surplus Approach,” stirred up lively debate. The subject is, as he puts it, “Sraffian economics,” and his 2009 paper...
Journal Article
History of Political Economy (2013) 45 (3): 475–504.
Published: 01 September 2013
... satisfactorily resolving it. This article addresses the question by linking Marx’s omission to a larger set of revisions made to arguments he developed in earlier drafts of Capital . It identifies two distinct theoretical accounts of the phenomenon of surplus value in these drafts, based respectively on Marx’s...
Journal Article
History of Political Economy (2023) 55 (1): 1–38.
Published: 01 February 2023
... of available surplus serving as a gauge of economic efficiency and social welfare. The protagonists argued about how it should be expressed mathematically, the hypothesis underpinning it, and its general significance. The paper draws heavily on unpublished materials (letters and notes) to unfold the different...
Journal Article
History of Political Economy (2013) 45 (suppl_1): 279–311.
Published: 01 December 2013
...Philip Mirowski; Edward Nik-Khah We explore recent arguments that economists may not serve to enlighten their publics so much as foster surplus confusion and doubt concerning controversies in their areas of expertise, particularly with regard to the recent worldwide economic crisis. After...
Journal Article
History of Political Economy (2008) 40 (4): 613–632.
Published: 01 November 2008
... transaction and consumer surplus or rent, both of which were expressed exclusively in terms of money transfers. Later on, Marshall moved toward an explicitly utilitarian framework by emphasizing the marginal utility of money, possibly because he had stumbled on the problem of the determinateness of marginal...
Journal Article
History of Political Economy (2009) 41 (2): 383–406.
Published: 01 June 2009
...Terry Peach This article questions the widely held opinion that Adam Smith confined his use of a labor theory of exchangeable value to an “early and rude state of society” in which independent laborers exchange the surplus products of their labor. It is argued that Smith did not explicitly disavow...
Journal Article
History of Political Economy (1990) 22 (4): 721–744.
Published: 01 November 1990
... , Karl . 1977a . Capital: a critique of political economy . Vol. 1 . Moscow: Progress Publishers. Marx , Karl . 1977b . Capital: a critique of political economy . Vol. 3 . Moscow: Progress Publishers. Marx , Karl . 1978a . Theories of surplus-value , part 2. Moscow: Progress...
Journal Article
History of Political Economy (1986) 18 (1): 87–110.
Published: 01 March 1986
... . Edited by K. J. Tarbuck. London. Marx , K. 1972 . Theories of surplus value, volume III . London. Orzech , Z. , and S. Groll 1983 . ‘Otto Bauer's scheme of expanded reproduction: an early Harrodian growth model.’ History of Political Economy 15 . 4 : 529 -48. Samuelson , L...
Journal Article
History of Political Economy (1979) 11 (2): 286–302.
Published: 01 June 1979
... of the Critique of Political Economy (Rough Draft) . Ed. and trans. M. Nicolaus. London, 1973 . Marx , K. Theories of Surplus Value , ed. S. Ryazanskaya, trans. E. Burns, three volumes (Progress Publishers, Moscow, 1963–71 ). Marx , K. , and F. Engels Werke , vol. 31. Berlin, 1965 . Meek...