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The Power of the Provisioning Concept


  • Eran Binenbaum

    () (School of Economics, University of Adelaide)


This paper supports the conception of economics as the social science that studies provisioning processes. Conceptions of economics help us understand the history of economic thought and have methodological, theoretical, policy and strategic significance. When economists are careful to define their discipline without committing ourselves a priori to particular assumptions, methods and theories, but as merely focusing on a class of phenomena, then the result is a more thoughtful and richer economics. The 'natural' choice for this class of phenomena is provisioning systems, because we want to understand as fully as possible the systems that nurture us– meaning that we ought to be interested in monetary and non-monetary mechanisms, self-interest as well as altruism, perfect rationality as well as quasi-rationality, exchange as well as gift relationships, etc., all as part of one discipline.

Suggested Citation

  • Eran Binenbaum, 2005. "The Power of the Provisioning Concept," School of Economics Working Papers 2005-09, University of Adelaide, School of Economics.
  • Handle: RePEc:adl:wpaper:2005-09

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    References listed on IDEAS

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    7. Jochimsen, Maren & Knobloch, Ulrike, 1997. "Making the hidden visible: the importance of caring activities and their principles for any economy," Ecological Economics, Elsevier, vol. 20(2), pages 107-112, February.
    8. Rothschild, Kurt W., 1989. "Political economy or economics? : Some terminological and normative considerations," European Journal of Political Economy, Elsevier, vol. 5(1), pages 1-12.
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