Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics
The article discusses consumption as a social process that is a part of social provisioning and is in an evolutionary interplay with other social processes. The discussion is grounded in, but is not limited to the contributions of Thorstein Veblen. The first section delineates social provisioning as a framework for consumption inquiry. This section emphasizes that social provisioning is a part of collective life process embedded in culture and nature, and that it is comprised by two general sets of activities – those motivated by money and those that are not motivated by making money. The second section delineates features of capitalism as a system, so that it provides a social context for consumption inquiry. The third section formulates a categorization of social processes, one of which is the consumption process. Further, the section delineates the meaning and components of the concepts: social activities, institutions, and habits of life and thought. The fourth section applies these concepts to consumption social process in the specific context of capitalism. The section discusses consumption activities; institutions and systems of provision; and habits of life and thought – illustrating with examples obtained from various disciplines. The section introduces “gated consumption” as an example of a habit of life and thought. It is argued that the formulated analysis transcends the cultural-material dualism. Finally, the article draws implications of the offered analysis, concluding that the category of “consumers” is of little use to heterodox economics.
|Date of creation:||08 Dec 2013|
|Date of revision:|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Veblen, Thorstein, 1899. "The Theory of the Leisure Class," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1899.
- Lee, Frederic & Jo, Tae-Hee, 2010.
"Social surplus approach and heterodox economics,"
27636, University Library of Munich, Germany.
- Douglas Bowles, 2013. "Toward an Integrated Theory of Social Stratification," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(1), pages 32-58, 01.
- Marc Lavoie, 1994.
"A Post Keynesian Approach to Consumer Choice,"
Journal of Post Keynesian Economics,
M.E. Sharpe, Inc., vol. 16(4), pages 539-562, July.
- Jo, Tae-Hee, 2011.
"Social Provisioning Process and Socio-Economic Modeling,"
28969, University Library of Munich, Germany.
- 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.
- Christopher Brown, 2008. "Inequality, Consumer Credit and the Saving Puzzle," Books, Edward Elgar Publishing, number 12877.
- Asena Caner & Edward N. Wolff, . "Asset Poverty in The United States: Its Persistence in an Expansionary Economy," Economics Public Policy Brief Archive ppb_76, Levy Economics Institute.
- Marilyn Power, 2004. "Social Provisioning As A Starting Point For Feminist Economics," Feminist Economics, Taylor & Francis Journals, vol. 10(3), pages 3-19.
- Robert W. Parenteau, 2006. "U.S. Household Deficit Spending: A Rendezvous with Reality," Economics Public Policy Brief Archive ppb_88, Levy Economics Institute.
- Nell,Edward J., 1998. "The General Theory of Transformational Growth," Cambridge Books, Cambridge University Press, number 9780521590068, November.
- S. Charusheela, 2010. "Gender and the stability of consumption: a feminist contribution to post-Keynesian economics," Cambridge Journal of Economics, Oxford University Press, vol. 34(6), pages 1145-1156.
- Steven Pressman & Robert H. Scott, 2009. "Who are the Debt Poor?," Journal of Economic Issues, M.E. Sharpe, Inc., vol. 43(2), pages 423-432, June.
- Zdravka Todorova, 2009. "Money and Households in a Capitalist Economy," Books, Edward Elgar Publishing, number 13178.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:51516. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.