Abstract
The chapter builds on Lee’s conception of the economy as a whole and discusses consumption as a process that is part of social provisioning under capitalism. Lee’s (2011) heterodox model manifests linkages among essential components of the economy as a whole: that is, (1) history and the social fabric are linked to the economic model of the social provisioning process, (2) agency is linked to structures, and (3) social provisioning is linked to social activities. The concept of social process facilitates such theorizing of the economy. The first section introduces the concept of social provisioning while stressing some analytical differences this conceptualization makes for theorizing consumption. The second section delineates a number of features of the capitalist economy that affect analyses of consumption. The third section discusses consumption as a social process. Finally, the chapter concludes by drawing implications for heterodox economics.
| Original language | American English |
|---|---|
| Title of host publication | Advancing the Frontiers of Heterodox Economics |
| Subtitle of host publication | Essays in Honor of Frederic S. Lee |
| Editors | Tae-Hee Jo, Zdravka Todorova |
| Place of Publication | London |
| Publisher | Taylor and Francis Inc. |
| Chapter | 12 |
| Pages | 230-247 |
| Number of pages | 18 |
| Edition | 1 |
| ISBN (Electronic) | 9781317912460 |
| ISBN (Print) | 9780415730310 |
| DOIs | |
| State | Published - Jul 30 2015 |
ASJC Scopus Subject Areas
- Economics, Econometrics and Finance(all)
- General Business,Management and Accounting
Keywords
- consumption as a social process
- unpaid work
- political economy of consumption
- capitalism
- micro-macro linkages in economics
- Lee, Frederic S., 1949-2014
- heterodox economics
- social provisioning
Disciplines
- Economic Theory
- Political Economy
- Human Ecology
- Inequality and Stratification
- Sociology of Culture
- Work, Economy and Organizations