Abstract
The article presents a further articulation of the monetary theory of production inspired by the writings of Thorstein Veblen. Particularly I offer a formulation of the monetary theory of production as part of broader theorizing about social provisioning and the life process. This includes an analytical focus on non-commodities; an extension of the Veblenian dichotomy to non-market activities; discussion of Veblen’s theory of social valuation in connection to monetary theory of production and class; delineation of as social processes that constitute social provisioning and their commodity and non-commodity aspects. The goal is bridging the gap between monetary theory of production and analysis of “the social.”
Original language | American English |
---|---|
Journal | SSRN |
State | Published - Jan 14 2015 |
Keywords
- Thorstein Veblen
- capitalism
- class
- feminist economics
- heterodox economics
- monetary theory of production
- political economy
- social provisioning
- social surplus
Disciplines
- Feminist, Gender, and Sexuality Studies
- Business
- Economics
- Political Economy
- Inequality and Stratification
- Sociology of Culture