Synopses & Reviews
This work provides a consistent and empirically meaningful definition of surplus and suggests an analytical framework for studying economic growth and stagnation using that concept. The book also presents a case study of the role of surplus in economic growth. In the first part of the work, a method is developed emphasizing the links to classical economic theory and the logical flaws of the earlier works. The second part examines the role of surplus in one country, and tests the classical hypotheses about growth in the long run and in a cross-section of countries.
Synopsis
This work examines the economic concept of surplus and develops a coherent definition of the subject that is empirically meaningful, and is especially useful in the examination of economic growth and development.
About the Author
ANDERS DANIELSON is Senior Lecturer in the Department of Economics, University of Lund, Sweden.
Table of Contents
Introduction
Surplus and Economic Development: An Introduction
Theory and Measurement
The Role of Surplus in Classical Political Economy
Making Surplus Visible: A National Accounts Approach
Accumulation and the Agricultural Surplus
An Application: Jamaica under Manley
Size and Distribution of the Surplus
Mechanisms of Stagnation
The Role of Interest Groups
Concluding Observations
Is Surplus Obsolete?
References
Index