Economic Surplus, the Baran Ratio, and Capital Accumulation
Bibliographic Data
| ID | 9197918 |
|---|---|
| Authors | Zhun Xu (0000-0003-3309-2602, corresponding author) |
| Year | 2019 |
| Pages | 25-39 |
| Publication date | 2019-03-05 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Monthly Review (JOURNAL) |
| Journal identifiers | ISSN: 0027-0520 • E-ISSN: 0027-0520 |
| Publisher | Monthly Review Foundation (PUBLISHER) |
| DOI | 10.14452/mr-070-10-2019-03_2 |
| OpenAlex | W2921543118 |
| Language | EN |
| Citations received | 4 |
| References cited | 6 |
In 1957, in the Political Economy of Growth, Paul Baran made a seminal contribution to our understanding of the connection between economic surplus—a concept he introduced into the development discussion—and growth. Given that the ruling class controls the surplus of society, how the surplus is used—whether it is invested, consumed, or simply wasted—is at its discretion. The effective utilization of surplus implies a reasonable rate of capital accumulation and economic development. In the following study of the utilization of surplus I compare the size of surplus and gross capital formation in a variety of countries starting from the mid–nineteenth century
Capital (architecture) · Capital accumulation · Capitalism · Discretion · Economic surplus · Economic system · Economics · Geography · Human capital · Market economy · Political science · Politics · Surplus value · Welfare · Economic Theory and Policy · Law · Political Economy and Marxism
| Citations per year | 0.8 |
|---|---|
| Citation span | 2021 - 2026 (6) |
| Highly cited | No |