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The Concept of the Surplus in Economic Development

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  • Victor D. Lippit

    (Department of Economics, University of California, Riverside, CA.)

Abstract

The concept of the surplus was developed by Paul Baran in The Political Economy of Growth (1968) as a distinct category of economic analysis. He argued that by examining which classes received the surplus and the manner in which they disposed of it, the forces creating and perpetuating underdevelopment could be understood. His insights on the critical role of class structure and surplus use in underdeveloped countries have never been properly followed up, however, in part because of confusion and inconsistencies in his own presentation. This essay attempts to clarify the concept of the surplus and to show how it can be used, in conjunction with the analysis of class structure, in theoretical and empirical analyses of economic development.

Suggested Citation

  • Victor D. Lippit, 1985. "The Concept of the Surplus in Economic Development," Review of Radical Political Economics, Union for Radical Political Economics, vol. 17(1-2), pages 1-19, March.
    • Handle: RePEc:sae:reorpe:v:17:y:1985:i:1-2:p:1-19
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    Cited by:

    1. Leandro Marcelo Bona, 2018. "El excedente económico en Argentina: la etapa neoliberal (1991-2001) versus la neodesarrollista (2002-2015)," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 37(66), pages 99-134, June.
    2. Mary Wrenn, 2011. "The Economic Surplus as a Fund for Social Change and Postneoliberal Governance," Forum for Social Economics, Springer;The Association for Social Economics, vol. 40(1), pages 99-117, April.

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