Social Provisioning, Embeddedness, and Modeling the Economy
Studies in Economic Reform and Social Justice
AJES - Studies in Economic Reform and Social Justice (Series Nr. 70)
1. Edition February 2012
500 Pages, Softcover
Wiley & Sons Ltd
This book consists of nine essays that model the economy considerably differently to mainstream economics.
* Contributes to the development of a model of a socially embedded economy, taking an alternative approach to mainstream economics
* Builds on a non-mainstream definition of economics as being concerned with social provisioning: a process in which all economic activities are social activities, informed by social norms, institutions, and ideologies
* Integrates different theories of economic modelling, including the social surplus approach, social fabric matrix, social accounting matrix, social structures of accumulation, stock-flow consistent modelling, and structure-agency
* Reviews the introduction of state money (and hence the financial sector) into an input-output model - a somewhat new innovation in modelling the economy
1. Social Provisioning Process and Socio-Economic Modeling--Tae-Hee Jo
2. A Simple Economic Model of the Surplus Approach to Value and Distribution--Scott Carter
3. Demand, Structural Interdependence and Economic Provisioning--Gary Mongiovi
4. Modeling the Economic Surplus in a SAM Framework--Erik K. Olsen
5. Integrating the Social Structure of Accumulation and Social Accounting Matrix with the Social Fabric Matrix--F. Gregory Hayden
6. Social Structures of Accumulation: A "Punctuated" View of Embeddedness--Terrance McDonough
7. Comparing Pension Systems in the Circular Flow of Income--Andrew B. Trigg and Jonquil T. Lowe
8. Modeling the Economy as a Whole: An Integrative Approach--Frederic S. Lee