The Economic Surplus: Theory, Measurement, Applications [Hardcover]

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.ANDERS DANIELSON is Senior Lecturer in the Department of Economics, University of Lund, Sweden. Dr. Danielson has publishedThe Political Economy of Development Finance(1993).

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