the "surplus world"

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

Herb asks:
>       What is a 'surplus world'?

to which bill mitchell replies:
"To which i reply, it is obvious. And i guess what you are saying is that
basic concepts like surplus value are meaningless to you now."

The surplus world need not be marxian, bill. The Sraffians and/or
neoRicardians have a "surplus" without surplus-value. See, e.g.,
Obrinsky, Mark. 1983. Profit Theory and Capitalism. Philadelphia: Uni-
versity of Pennsylvania Press. I like Marx's formulation, but it
isn't the only one.

sincerely,

Jim Devine
jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
"For Truth, Justice, and the American Whey!" -- L.M. Muffett