Surplus Approach and Institutions: Where Sraffa Meets Polanyi

Sergio Cesaratto

No CSWP61, Centro Sraffa Working Papers from Centro di Ricerche e Documentazione "Piero Sraffa"

Abstract: Relying on anthropological and archaeological research based on the notion of social surplus, and on the lessons of Marx, Polanyi, Sraffa and Garegnani, the paper argues that the classical surplus approach is naturally associated with institutional and historical analysis. The concept of social surplus is a skeleton which is given muscles by institutional analysis while the latter would be enervated if not anchored to a base of ultimate material interests. Institutions should be looked at in relation to the extraction and distribution of the social surplus and the resulting inequality and social conflict. The paper offers a novel Post Keynesian view of institutions in an interdisciplinary perspective.

Keywords: Surplus; Economic History; Institutions; Marx; Sraffa; Polanyi (search for similar items in EconPapers)
JEL-codes: A12 B51 B52 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2023-04-27, Revised 2023-05-02
New Economics Papers: this item is included in nep-des, nep-his, nep-hme, nep-hpe and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:sraffa:0061

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