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Social Provisioning, Embeddedness, and Modeling the Economy: Studies in Economic Reform and Social Justice

Frederic S. Lee (Editor)
ISBN: 978-1-118-24520-0
500 pages
December 2011, Wiley-Blackwell
Social Provisioning, Embeddedness, and Modeling the Economy: Studies in Economic Reform and Social Justice (1118245202) cover image
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
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Editors’ Introduction—Frederic S. Lee

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

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