IDEAS home Printed from https://ideas.repec.org/a/taf/fosoec/v40y2011i1p99-117.html
   My bibliography  Save this article

The Economic Surplus as a Fund for Social Change and Postneoliberal Governance

Author

Listed:
  • Mary Wrenn

Abstract

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).

Suggested Citation

  • Mary Wrenn, 2011. "The Economic Surplus as a Fund for Social Change and Postneoliberal Governance," Forum for Social Economics, Taylor & Francis Journals, vol. 40(1), pages 99-117, January.
  • Handle: RePEc:taf:fosoec:v:40:y:2011:i:1:p:99-117
    DOI: 10.1007/s12143-010-9071-8
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s12143-010-9071-8
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. James Ronald Stanfield & Mary Wrenn, 2005. "John Kenneth Galbraith and original institutional economics," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 28(1), pages 26-45.
    2. repec:mes:jeciss:v:11:y:1977:i:1:p:61-71 is not listed on IDEAS
    3. Ron Stanfield, 1974. "A Revision of the Economic Surplus Concept," Review of Radical Political Economics, Union for Radical Political Economics, vol. 6(3), pages 69-74, October.
    4. Victor D. Lippit, 1985. "The Concept of the Surplus in Economic Development," Review of Radical Political Economics, Union for Radical Political Economics, vol. 17(1-2), pages 1-19, March.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/RFSE20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.