The growth of the economic surplus gives rise and form to the politics of inequality and austerity. This research note gives estimates of the rising economic surplus over the last several decades in the US as well as how these correlate with the level of inequality. Therefore, the politics surrounding the growth of inequality in the US has to be understood first by understanding over accumulation of the economic surplus by those at the top of the US capitalist class. Hobbes Leviathan is not only a forceful enunciation of the theory of sovereignty but also a powerful statement of individualism. A rising economic surplus that is not absorbed through growing consumer spending, luxury spending or government spending results in stagnant wages and growing inequality via higher levels of underemployment and greater monopoly and monopsony power among a decreasing number of huge, powerful corporations. Baum, George Comninel, Norman Dahl, Lisa Disch, Jean Elshtain. The economic surplus is a neo-Marxian term which combines the traditional Marxian tenet of surplus value with other ways that surplus value can be invested in a mature, advanced capitalist economy. various thinkers in the history of political thought: Frank Adler, Robert Albritton, Bruce. Preview PDF MPRApaper69615.pdf Abstract This paper proposes that one major explanation of growing inequality in the United States (US) is through the use of the concept of economic surplus.
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