The Economic Surplus as a Fund for Social Change and Postneoliberal Governance
The central problem in capitalism today is not one of scarce resources clashing against innate, insatiable wants. Rather, the modern problem of monopoly capitalism is one of abundance of production clashing against scarcity of consumers. Indeed, sustaining growth while fighting against excess capacity proves to be the biggest battle in business today, fought by the capitalist power structure with the tools of neoliberalism and globalization. The economic surplus, roughly sketched, represents that gap between productive resources and consumption, and thus represents the abundance that is possible given current technology. The argument set forth is that the economic surplus remains a powerful tool in describing economic relationships and social justice issues within the context of the Great Capitalist Restoration, but more importantly, that the economic surplus represents a tool for social change. The potential for socially just amelioration and change within post-neoliberal governance is explored with explicit reference to the qualitative and instrumental framework proposed by Ron Stanfield in his somewhat overlooked but incredibly important piece, “The Fund for Social Change” (1992).
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 40 (2011)
Issue (Month): 1 (January)
|Contact details of provider:|| Web page: http://www.tandfonline.com/RFSE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RFSE20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- James Ronald Stanfield & Mary Wrenn, 2005. "John Kenneth Galbraith and original institutional economics," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 28(1), pages 26-45, November.
- Rapp, Richard T., 1976. "The Modern World-System: Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century. By Immanuel Wallerstein. Studies in Social Discontinuity. New York: Academic Pre," The Journal of Economic History, Cambridge University Press, vol. 36(03), pages 801-803, September.
When requesting a correction, please mention this item's handle: RePEc:taf:fosoec:v:40:y:2011:i:1:p:99-117. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.