Abstract
The chapter offers further articulation of the monetary theory of production inspired by the writings of Veblen. This includes a formulation of the monetary theory of production as part of social provisioning and the life process, focusing on the production of non-commodities; an extension of the Veblenian dichotomy to non-market activities; a discussion of Veblen’s theory of social valuation in connection to the monetary theory of production and class; and delineation of social processes that constitute social provisioning, and their commodity and non-commodity aspects. All of these are directed toward bridging the gap between monetary production and “the social”—this is also an effort very much present throughout Henry’s work.
| Original language | English |
|---|---|
| Title of host publication | Marx, Veblen, and the Foundations of Heterodox Economics |
| Subtitle of host publication | Essays in Honor of John F. Henry |
| Editors | Tae-Hee Jo, Frederic Lee |
| Publisher | Taylor and Francis Inc. |
| Pages | 102-122 |
| Number of pages | 21 |
| Edition | 1 |
| ISBN (Electronic) | 9781315756868 |
| ISBN (Print) | 9781138797796, 9780367598532 |
| State | Published - 2016 |
ASJC Scopus Subject Areas
- General Economics,Econometrics and Finance
- General Business,Management and Accounting
Keywords
- John Henry
- Veblen
- feminist political economy
- heterodox economics
- monetary theory of production
- social stratification
Disciplines
- Feminist, Gender, and Sexuality Studies
- Economics
- Political Economy
- Sociology of Culture