Argument
Economics is usually defined as the problem of how best to distribute limited resources, limited because wants are characterised as unlimited. Surplus economics argues that rather than limited resources, there is an abundance of resources and this is the economic problem. The difference is one of perspective. If wants are the focus, then of course resources are limited, but if needs or essentials are used as the foundation, then resources are seen to be abundant. The difference is between a description and an explanation. A focus on wants describes a free market situation, a focus on essentials allows an explanation of the economy to begin.
An abundance of resources means that not all need to work productively and that some can use more resources than others. Who shall be the lucky ones and how to keep the unlucky quiet is part of the economic problem. Abundance is also a problem because having more resources than is strictly needed to live presents a danger to the production processes and the command over resources that created an economic surplus in the first place.
Surplus economics seeks to answer such questions as: Why does so much waste exist alongside of so much poverty? The orthodox assumption of scarcity has survived even the staggering levels of surplus of modern economies because this assumption suits the needs of those who command resources and who prefer to ensure that the economy does not become democratised; that unpleasant tasks are done by someone else, that some win and many lose.
Read more about this topic: Surplus Economics
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“If this phrase of the “balance of power” is to be always an argument for war, the pretext for war will never be wanting, and peace can never be secure.”
—John Bright (1811–1889)
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—Roger Bacon (c. 1214–1294)