Social Provisioning, Embeddedness, and Modeling the Economy

This 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