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 economicsBuilds 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 ideologiesIntegrates 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-agencyReviews the introduction of state money (and hence the financial sector) into an input-output model – a somewhat new innovation in modelling the economy