Economic surplus as a political-economic concept
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XIII, No.2, 2001, pages 89-102
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89-102
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Next to consumer surplus and producer surplus, citizen surplus is another form of economic surplus in relation to public services. For a whole society, the concept of socioeconomic surplus is here developed to address the question, what kind of institutional arrangement is most appropriate for the attainment of economic welfare. Two types of societal organisation are distinguished. In the oldest one layers of social organisation are ranked as a pyramid with the state in top. In the alternative one, various spheres of life, each with its own structure and internal freedom, are separated from a political domain. This latter type now seems to be the most promising way for the attainment of economic surplus in every society.
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This article is an elaboration of my valedictory lecture : “The Profitability of Market Transactions” (“Het profijt van markttransacties” in Dutch) on December 1st, 2000 and has been presented at the 6th ISINI Congress in Miami, USA, August 15-18, 2001
