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THE ECONOMIC SURPLUS IN ADVANCED ECONOMIES

Edited by John B. Davis, Professor of Economics, Marquette University, US and Professor of Economics, University of Amsterdam, The Netherlands
The theory of monopoly capital is central to any satisfactory analysis of accumulation and stagnation in advanced capitalist economies. This major new book presents in one volume recent discussions of monopoly capitalism to emphasize the centrality and vitality of this tradition in modern political economy.
Extent: 208 pp
Hardback Price: $145.00 Web: $130.50
Publication Date: 1992
ISBN: 978 1 85278 555 0
Availability: In Stock
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  • Economics and Finance
  • Political Economy
  • Post-Keynesian Economics
  • Politics and Public Policy
  • Political Economy
The theory of monopoly capital is central to any satisfactory analysis of accumulation and stagnation in advanced capitalist economies. This major new book presents in one volume recent discussions of monopoly capitalism to emphasize the centrality and vitality of this tradition in modern political economy.

Following the work of Kalecki, Steindl and Baran and Sweezy, a number of leading economists address key issues such as the calculation of the economic surplus, the division of income between labour and capital, oligopoly collusion over output and pricing, the growth of unproductive activity, the degree of monopoly, surplus absorption and stagnation and the history of the present crisis.
‘This excellent little book under review. . . . brings together a number of important contributions and surveys.’
– Geoffrey M. Hodgson, Economic Journal

‘. . . this collection succeeds in demonstrating the continued relevance of the MCA [Monopoly Capital Analysis] for grasping the contradictions of contemporary capitalism and their political implications.’
– Paul Burkett, Review of Social Economy
Contents: 1. The Monopoly Capital Approach to the Concept of the Economic Surplus (J.B. Davis) 2. Monopoly Capital After 25 Years (P.M. Sweezy) 3. Estimating the Economic Surplus (J.D. Phillips) 4. The Tendency of the Surplus to Rise, 1963–1988 (M. Dawson and J.B. Foster) 5. Re-evaluating the Concept of the Surplus (V.D. Lippit) 6. Stagnation, Growth and Unproductive Activity (A.K. Dutt) 7. In What Sense Does Monopoly Capital Require Monopoly? An Essay on the Contribution of Kalecki and Steindl (T. Mott) 8. The Fund for Social Change (J.R. Stanfield) 9. Economic Surplus and the Market System (L. Fishman) 10. Industrial Integration, East and West: Planning the Market Economy (K. Cowling)