Production, Consumption and Surplus

Geoffrey Kay
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Geoffrey Kay: The City University

Chapter 1 in Development and Underdevelopment: A Marxist Analysis, 1975, pp 13-25 from Palgrave Macmillan

Abstract: Abstract All societies, whether primitive or advanced, contemporary or of the past, must reproduce themselves from one year to the next. They must maintain their population and replenish their physical stocks. This requires that they engage in the process of material production. Material production is, therefore, the common feature of all societies. In a real sense it is the starting point of society itself, and for this reason it provides a starting point for economic theory.1

Keywords: Relative Price; Material Production; Capitalist Society; Social Product; Productive Consumption (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-02062-1_2

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