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From the Core to the Cores: Surplus Approach, Institutions and Economic Formations

Author

Listed:
  • Cesaratto, Sergio

    (University of Siena)

  • Di Bucchianico, Stefano

    (University of Siena)

Abstract

The paper moves from Garegnani’s “core” of the classical income distribution theory to propose a deeper integration of the concept of social surplus and institutions. Our main tenet is that the social surplus does not exist independently of the institutions (or social order) that oversee its production and distribution, starting from those that prevail in the sphere of production. In this sense we supplement the surplus approach with important insights from the Polanyian approach, from economic archaeology and anthropology, but also from Sraffian authors and Sraffa’s manuscripts. Taking inspiration from Garegnani’s core while also considering its specificities, this work is a premise to the design of different economic “cores” for different stylized economic formations.

Suggested Citation

  • Cesaratto, Sergio & Di Bucchianico, Stefano, 2020. "From the Core to the Cores: Surplus Approach, Institutions and Economic Formations," Centro Sraffa Working Papers CSWP45, Centro di Ricerche e Documentazione "Piero Sraffa".
  • Handle: RePEc:ris:sraffa:0045
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    More about this item

    Keywords

    surplus approach; economic anthropology; economic formations; institutions; capitalism;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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