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The invention of the concept of social surplus: Petty in the Hartlib Circle

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  • Tony Aspromourgos

Abstract

Among other innovative and important contributions to the formation of political economy, William Petty is the originator of the concept of an economic or social surplus, a vital element in the formation of classical economics. It therefore is a natural and intriguing question, how Petty came to develop his seminal formulations of surplus. Our argument is that the concept took form in his thought as a result of stimulus provided by Petty's involvement in the agricultural technology programme of Samuel Hartlib and his 'Circle'.

Suggested Citation

  • Tony Aspromourgos, 2005. "The invention of the concept of social surplus: Petty in the Hartlib Circle," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 12(1), pages 1-24.
    • Handle: RePEc:taf:eujhet:v:12:y:2005:i:1:p:1-24
    DOI: 10.1080/0967256042000338014
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    References listed on IDEAS

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    1. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676.
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    Cited by:

    1. Sergio Cesaratto & Stefano Di Bucchianico, 2021. "The Surplus Approach, the Polanyian Tradition, and Institutions in Economic Anthropology and Archaeology," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 55(1), pages 185-216, June.
    2. Sergio Cesaratto, 2019. "Heterodox economics and Economic Anthropology: reflections prompted by two books," Department of Economics University of Siena 807, Department of Economics, University of Siena.
    3. Cesaratto, Sergio, 2023. "Surplus Approach and Institutions: Where Sraffa Meets Polanyi," Centro Sraffa Working Papers CSWP61, Centro di Ricerche e Documentazione "Piero Sraffa", revised 02 May 2023.
    4. Sergio Cesaratto & Stefano Di Bucchianico, 2020. "The surplus approach, Polanyi and institutions in economic anthropology and archaeology," Department of Economics University of Siena 828, Department of Economics, University of Siena.

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