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Review of Radical Political Economics
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Marxian Categories Empirically Estimated: The Philippines, 1961-1994

Victor S. Venida

Economics, Ateneo de Manila University, Katpunan Rd., Loyola Heights, Quezon City, P.O. Box 154, Manila, Philippines, vvenida{at}ateneo.edu

The article uses a formal model to estimate rates of surplus creation and use for the Philippines. Input-output tables from 1961 to 1994 were used in the estimation. The theoretical framework was the model of social disarticulation, which argued that income inequality and labor surplus resulted in substantial rates of surplus. Results for the Philippines confirmed these arguments and also suggested that a large portion of the surplus might have been devoted to unproductive purposes.

Key Words: surplus value • Philippines • social disarticulation • input-output

Review of Radical Political Economics, Vol. 39, No. 1, 58-79 (2007)
DOI: 10.1177/0486613406296898
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