Social Surplus Approach and Heterodox Economics

Lee, Frederic S.; Jo, Tae‐Hee

doi:10.2753/jei0021-3624450406

Cited by 28 publications

(29 citation statements)

References 45 publications

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“…The continuation of the life-process, human well-being, and ethical judgment are central to the concept. Since it encompasses non-market activities, culture, and ecosystems, social provisioning allows for a broader and deeper formulation of economic activity, beyond the most visible occurrence of "market exchange" and beyond monetary production (Gruchy 1987;Nelson 1993;Dugger 1996;Power 2004;Lee 2009Lee , 2011Jo 2011;Lee and Jo 2011;Todorova 2013 a, b).…”

Section: A Social Provisioning Frame Of Consumptionmentioning

confidence: 99%

“…The social provisioning process gives rise to a total social product. At any point of time the system replaces the existing output, and produces more intermediate inputs and final goods and services, which is social surplus that goes to household social activities, private investment and government provision of goods and services (Lee and Jo 2011;Lee 2011b). Inputs and outputs are specific to the production of differentiated goods and services, and thus cannot be aggregated.…”

Section: A Social Provisioning Frame Of Consumptionmentioning

confidence: 99%

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Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

Todorova

2013

SSRN Journal

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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.

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Section: A Social Provisioning Frame Of Consumptionmentioning

confidence: 99%

Section: A Social Provisioning Frame Of Consumptionmentioning

confidence: 99%

Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

Todorova

2013

SSRN Journal

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“…That is, market provisioning is a subset of social provisioning (Dugger 1996;Power 2004). The material basis of social provisioning is the structure of production, technology, and natural environment, the social basis is socio-economic classes, and the cultural basis is the society-specific value system (including a set of norms and beliefs) (Hayden 1982;Stevenson 1987;Lee and Jo 2011). These bases qua structures are made open by social agents through causal mechanisms.…”

Section: Implications For Modelingmentioning

confidence: 99%

“…However, due to the second assumption above, the determination and composition of the social surplus is not dealt with in both the classical and Sraffian surplus approach (Bortis 1997, 91-95;Lee and Jo 2011).…”

Section: Social Surplus Approachmentioning

confidence: 99%

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Social Provisioning Process and Socio-Economic Modeling

2011

American Journal of Economics and Sociology

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The radical difference between orthodox and heterodox economics emanates from the different views of the capitalist socio-economic system. Economics as the science of social provisioning felicitously describes the heterodox view that economy is part of the evolving social order; social agency is embedded in the social and cultural context; a socio-economic change is driven by technical and cultural changes; and the provisioning process is open-ended. Such a perspective on economy offers ample methodological and theoretical implications for modeling the capitalist economy in a realistic manner. It lends itself especially to the micro-macro synthetic approach. Thus the objective of this paper is twofold: 1) to examine how the concept of the social provisioning process can be clarified and expanded by virtue of recent development in heterodox methodology and 2) to discuss how methodological development would nourish the heterodox modeling and theorizing of the capitalist social provisioning process.

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The Protection of Territory from the Perspective of the Intergenerational Equity

Trovato

Giuffrida

2018

Green Energy and Technology

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Social Surplus Approach and Heterodox Economics

Cited by 28 publications

References 45 publications

Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

Social Provisioning Process and Socio-Economic Modeling

The Protection of Territory from the Perspective of the Intergenerational Equity

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