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Paul Baran's Economic Surplus Concept, the Baran Ratio, and the Decline of Feudalism

Bibliographic Data

ID9200865
AuthorsT Lambert (0000-0003-2453-1407, University of Louisville, corresponding author), Thomas E Lambert
Year2021
Pages34-49
Publication date2021-01-03
Open AccessYes
TypeARTICLE
VenueMonthly Review (JOURNAL)
Journal identifiersISSN: 0027-0520 • E-ISSN: 0027-0520
PublisherMonthly Review Foundation (PUBLISHER)
DOI10.14452/mr-072-07-2020-11_3
OpenAlexW3010738224
LanguageEN
References cited11

Recently published and estimated historical data illustrate that economic surplus declined during the thirteenth and fourteenth centuries in England, helping explain the "crisis of feudalism" that started in the thirteenth century. It was not until several centuries later, when capitalism became the dominant economic system, that the economic surplus began to rise on a consistent basis, due to the reinvestment of a portion of the surplus into productive activities, a greater ratio of capital income to rental income, and a greater ratio of investment to economic surplus

Ancient history · Capital (architecture) · Capitalism · Economic history · Economics · Feudalism · Investment (military) · Political science · Politics · Renting · Surplus value · Culture, Economy, and Development Studies · Economic Theory and Policy · Historical Economic and Social Studies · History · Law

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Highly citedNo

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