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Social Provisioning, Embeddedness, and Modeling the Economy. Studies in Economic Reform and Social Justice. Edition No. 1. AJES - Studies in Economic Reform and Social Justice

  • ID: 2222104
  • Book
  • February 2012
  • 500 Pages
  • John Wiley and 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
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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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Frederic S. Lee University of Missouri-Kansas City, USA.
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