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Production, Consumption and Surplus

In: Development and Underdevelopment: A Marxist Analysis

Author

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  • Geoffrey Kay

    (The City University)

Abstract

All societies, whether primitive or advanced, contemporary or of the past, must reproduce themselves from one year to the next. They must maintain their population and replenish their physical stocks. This requires that they engage in the process of material production. Material production is, therefore, the common feature of all societies. In a real sense it is the starting point of society itself, and for this reason it provides a starting point for economic theory.1

Suggested Citation

  • Geoffrey Kay, 1975. "Production, Consumption and Surplus," Palgrave Macmillan Books, in: Development and Underdevelopment: A Marxist Analysis, chapter 1, pages 13-25, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-02062-1_2
    DOI: 10.1007/978-1-349-02062-1_2
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