Abstract

BOUNDI CHRAKI, Fahd. State and society in the political economy. Rev.econ.inst. [online]. 2020, vol.22, n.42, pp.187-210. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v22n42.08.

As the heir of political philosophy, the English post-commercialist economy and the French physiocracy, since its origin, political economy has integrated production, circulation and the theory of value into the theories of the modern state and capitalist society. In this paper it is argued that, in political economy, the conceptions of the State and of society are related to the theory of surplus. It criticizes the marginilist notion of society, emphasizes the centrality of the theory of surplus, explained in the conflict between State and society, and identifies the limits of the principle of effective demand of Keynes and Kalecki. Tne main conclusion is that economic policy recommendations based on inflation, wage deflation and containment of public spending goals seek to increase the surplus in the crisis and recession phases of the economic cycle.

JEL: B12, B13, B19, P16

Keywords : Political economy; State; society; surplus; economic policy.

        · abstract in Spanish | Portuguese     · text in Spanish     · Spanish ( pdf )