Section IV addresses the issue of structural transformation in China and its agricultural surplus labor.
Structural change, which shifts the agricultural surplus labor to the industrial sector, probably will continue to further China's economic growth.
With decreasing shares of non-food items in subsistence spending, maximum surplus of agriculture approaches the level of employment where maximum agricultural surplus (cf.
It is not only food production, which has to increase if the capitalists should be enabled to increase employment beyond the threshold of marginality and the employment, which the agricultural surplus at this level of agricultural employment supports, but also entitlement.
11 In order to avoid confusion it should be emphasised that this concept is different from Quesnay's produit net which refers to agricultural surplus
over total input cost.
Although these critics did not speak with one voice, they raised concerns about Hoover's unwillingness to reorganize society along fundamentally new lines (Stuart Chase); technological displacement (Alvin Hansen and Sumner Slichter); the plight of farmers and the problem of agricultural surplus
in the 1920s (Rexford Tugwell); and Hoover's use of fiscal and monetary policy to control the business cycle (William Trufant Foster and Waddill Catchings).
Historically, the countries that have managed to pull out of poverty are those that have been successful in increasing agricultural surplus and using that as a basis for diversifying their economies away from agriculture based activities.
Agricultural surplus encourages stable societies which historically has led to more permanent infra- structure including housing.
Many other countries have also risen from poverty to wealth despite the lack of agricultural surplus
through other channels.
Indirect taxes on agriculture have been the major means of transferring a part of the agricultural surplus
to the State.