Description
Book SynopsisThis 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
Table of ContentsEditors’ 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
