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A Veblenian articulation of the monetary theory of production

Listed author(s):
  • Zdravka Todorova

The article presents a further articulation of the monetary theory of production inspired by the writings of Thorstein Veblen. Particularly I offer a formulation of the monetary theory of production as part of broader theorizing about social provisioning and the life process. This includes an analytical focus on non-commodities; an extension of the Veblenian dichotomy to non-market activities; discussion of Veblen’s theory of social valuation in connection to monetary theory of production and class; delineation of as social processes that constitute social provisioning and their commodity and non-commodity aspects. The goal is bridging the gap between monetary theory of production and analysis of “the social”.

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File URL: http://www.postkeynesian.net/downloads/working-papers/PKWP1501.pdf
File Function: First version, 2015
Download Restriction: no

Paper provided by Post Keynesian Economics Study Group (PKSG) in its series Working Papers with number PKWP1501.

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Length: 30
Date of creation: Mar 2015
Handle: RePEc:pke:wpaper:pkwp1501
Contact details of provider: Web page: http://www.postkeynesian.net

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  1. Marilyn Power, 2004. "Social Provisioning As A Starting Point For Feminist Economics," Feminist Economics, Taylor & Francis Journals, vol. 10(3), pages 3-19.
  2. Frederic S. Lee & Tae-Hee Jo, 2011. "Social Surplus Approach and Heterodox Economics," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 45(4), pages 857-876, December.
  3. Zdravka Todorova, 2013. "Connecting social provisioning and functional finance in a post-Keynesian–Institutional analysis of the public sector," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 61-75.
  4. Frederic S. Lee, 2011. "Modeling the Economy as a Whole: An Integrative Approach," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(5), pages 1282-1314, November.
  5. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
  6. Tae‐Hee Jo, 2011. "Social Provisioning Process and Socio‐Economic Modeling," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(5), pages 1094-1116, November.
  7. Zdravka Todorova, 2015. "Social Provisioning within a Culture-Nature Life Process," Review of Political Economy, Taylor & Francis Journals, vol. 27(3), pages 390-409, July.
  8. Picchio,Antonella, 1992. "Social Reproduction," Cambridge Books, Cambridge University Press, number 9780521418720, Diciembre.
  9. Zdravka Todorova, 2014. "Consumption as a Social Process," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 48(3), pages 663-678, September.
  10. Veblen, Thorstein, 1919. "The Vested Interests and the Common Man," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1919.
  11. Zdravka Todorova, 2009. "Money and Households in a Capitalist Economy," Books, Edward Elgar Publishing, number 13178.
  12. Himmelweit, Susan & Mohun, Simon, 1977. "Domestic Labour and Capital," Cambridge Journal of Economics, Oxford University Press, vol. 1(1), pages 15-31, March.
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