Zdravka Todorova | Wright State University (original) (raw)

Papers by Zdravka Todorova

Research paper thumbnail of Land, International Mobile Labor, Remittances, and Provisioning

Journal of Economic Issues

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Research paper thumbnail of Social Processes of Oppression in the Stratified Economy and Veblenian Feminist post Keynesian Connections

Post Keynesian Economic Society, 2023

Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. ... more Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. The article takes a Veblenian feminist view to discuss aspects of oppression in economies of stratification, and outlines connections to areas of Post Keynesian economics. The article is structured around "five faces of oppression" delineated by political theorist Iris Young (1990): exploitation, violence, powerlessness, cultural imperialism, and marginalization. The paper reframes those based on a conception of evolving social processes and diverse economic relations, and employs Veblen's theory of surplus and stratification, which has a broad understanding of domination that goes beyond capital accumulation. The article provides illustrations of these interconnected aspects of oppression, and discusses how each is co-opted today. The article presents specific connections to Post Keynesian economic analysis and concludes by highlighting the potential of Post Keynesian economics for social justice.

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Research paper thumbnail of Institutional Theory, Socialization of Investment, and Care-Based Full Employment for Equity and Human Development

Journal of Economic Issues, 2022

The article discusses commitment to full employment in light of institutional theory and offers a... more The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of the “socialization of investment” concept. The discussion builds on Veblen’s theory of human development, predation, and capitalism. It highlights contemporary institutional inquiry in a discussion of ongoing issues of care and disparities. Based on this, the article formulates problems for future inquiry. The article also provides insights about Job Guarantee based on institutional concepts.

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Research paper thumbnail of Hazel Kyrk's "A Theory of Consumption", Veblen's Business and Industrial Concerns, and W.C. Mitchell's Essays on Spending and Money: Conceptual Links

Research in the History of Economic Thought and Methodology, 2023

The paper discusses conceptual links among Hazel Kyrk’s A Theory of Consumption (1923); the overa... more The paper discusses conceptual links among Hazel Kyrk’s A Theory of Consumption (1923); the overall work of Thorstein Veblen, and Wesley C. Mitchell’s essays on spending and money. The three authors are concerned with transformations in production, related changes in the organization of consumption, and the effects on people. The approach is based on reading of Kyrk’s book in light of an integrated view of Veblen’s overall work. The paper explains how Mitchell’s essays on money and spending built on Veblen’s work, and discusses their relevance for understanding Kyrk’s book as conceptually linked to institutional economics. The paper delineates the following commonalities: conception of living humans and money as an institution; distinction between business and industrial concerns; connection between distribution, waste, and consumption; and Veblen’s “machine process” of standardization in production and its relation to consumption. The paper brings more detail in the conceptual and theoretical discussion of Veblen’s influence on Kyrk’s book.

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Research paper thumbnail of Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

PKES Working Papers, 2022

The article discusses commitment to full employment in light of institutional theory and offers a... more The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of Keynes’s "socialization of investment" concept. The discussion builds on Veblen's theory of human development, predation, and capitalism. It highlights contemporary institutional inquiry in a discussion of ongoing issues of care and social disparities. Based on this, the article formulates problems for a broader inquiry about socialization of investment. The article provides insights about Job Guarantee based on original institutional economics concepts.

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Research paper thumbnail of Social Provisioning within a Culture-Nature Life Process

Review of Political Economy, 2015

Abstract Social provisioning is an amalgamation of social processes within a broader culture-natu... more Abstract Social provisioning is an amalgamation of social processes within a broader culture-nature life process. This article contributes to the literature on developing the concept of ‘social provisioning' and explores its scope by presenting theoretical and methodological contexts for social provisioning. Then it delineates three categories of processes: biological and geographical processes, processes that are usually analyzed as personal characteristics or social categories (e.g., gender), and processes defined around social activities (e.g., consumption). The system of processes presented allows for diverse entry points to an analysis of social provisioning beyond consumption, production and distribution. Further, the system of processes transcends the culture-economy, nature-economy, nature-culture and micro-macro dualisms in heterodox economic theory.

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Research paper thumbnail of Economic and Social Classes in Theorizing Unpaid Household Activities Under Capitalism

Journal of Economic Issues, 2015

Abstract: In this paper, I offer a framework for analyzing non-market oriented household activiti... more Abstract: In this paper, I offer a framework for analyzing non-market oriented household activities in a way that overcomes some issues about defining the boundaries among household activities. I utilize the concept of a social process and discuss how unpaid household activities are part of labor, care, recreation, and consumption processes. Next, I explain the importance of introducing economic class and social class processes into the framework, as well as the importance of making a distinction between the two. Economic class accounts for the basics of the capitalist economy, and social class opens contexts of variation. The framework allows for a multidimensionality of individuals and opens the question of unpaid activities varying in categorization based on economic class. Also, it helps the economic analysis of capitalism consider that maintaining a household lifestyle directly involves and pertains to unpaid household activities that are part of each of the delineated labor, care, recreation, and consumption processes.

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Research paper thumbnail of Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

SSRN Electronic Journal, 2013

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Research paper thumbnail of Households in Heterodox Economic Theory

The Routledge Handbook of Heterodox Economics, edited by T-H. Jo, L. Chester, and C. D’lppoliti. New York: Routledge, 2018

The paper builds on various heterodox approaches to economics to explore a direction towards anal... more The paper builds on various heterodox approaches to economics to explore a direction towards analyzing households within heterodox economic theory of social provisioning. The first section delineates five main theoretical foundations of households within heterodox economic perspectives. The second section discusses the analytical categories of the household as a going concern, the household as an institution, and the household as an actor-participant within a system of provisioning processes. Finally, the paper offers three specific suggestions for future developments.

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Research paper thumbnail of Remittances and Households within Neoliberalism: A “Triple Movement”

Journal of Economic Issues, 2021

Abstract The article aims at advancing feminist institutional theory by expanding and revising Ka... more Abstract The article aims at advancing feminist institutional theory by expanding and revising Karl Polanyi’s framework of capitalist development as it applies to remittances and transnational households. The triple movement is offered by Nancy Fraser to revisit Karl Polanyi’s conception of the double-movement from a feminist perspective. It encompasses not only marketization and social protection, but also emancipation from social relations and markets. The article applies this concept to an understanding of remittance-driven labor exports and the formation of transnational households as an emerging institution of social protection. The discussion focuses on labor as a globalized fictitious commodity, global care chains, and the effects of COVID-19. The article points to the centrality of social subordination in marketization of remittances and labor, as well as to the fragility of this approach to social provisioning.

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Research paper thumbnail of Connecting Social Provisioning and Functional Finance in a Post-Keynesian Institutional Analysis of the Public Sector

SSRN Electronic Journal, 2013

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Research paper thumbnail of A Veblenian articulation of the monetary theory of production

The article presents a further articulation of the monetary theory of production inspired by the ... more 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”.

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Research paper thumbnail of Toward a Feminist Post Keynesian Approach to Monetary Production and Social Provisioning (2005)

SSRN Electronic Journal, 2005

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Research paper thumbnail of From Monetary Theory of Production to Culture-Nature Life Process: Feminist-Institutional Elaborations of Social Provisioning

SSRN Electronic Journal, 2014

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Research paper thumbnail of A Veblenian Feminist Articulation of Monetary Theory of Production

The article presents a further articulation of the monetary theory of production inspired by the ... more 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”.

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Research paper thumbnail of Towards a conceptualization of a debt-credit social process

Journal of Cultural Economy, 2016

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Research paper thumbnail of Las contribuciones de Frederic S. Lee a la economía heterodoxa

espanolLa comunidad de los economistas heterodoxos ha perdido a Fred Lee, uno de sus lideres mas ... more espanolLa comunidad de los economistas heterodoxos ha perdido a Fred Lee, uno de sus lideres mas entusiastas y que estuvo en el centro del movimiento de la economia heterodoxa durante las ultimas tres decadas. Este articulo describe el amplio espectro de las contribuciones que Fred Lee realizo a la economia heterodoxa, y se centra en sus aportaciones a la formacion de la historia e identidad de la economia heterodoxa, a la teoria microeconomica heterodoxa, y al analisis del proceso de aprovisionamiento social. ?Cual es el significado de estas contribuciones para la economia heterodoxa? Fred Lee nos ha legado teorias heterodoxas, instituciones y buena voluntad que continuaran desarrollandose en el trabajo de aquellos economistas preocupados por establecer una teoria critica alternativa al statu quo. EnglishThe community of heterodox economists has lost Fred Lee, one of its fervent leaders, who has been at the center of the heterodox movement for the past three decades. The paper deli...

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Research paper thumbnail of Consumption in the context of social provisioning and capitalism: beyond consumer choice and aggregates

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Research paper thumbnail of Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

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Research paper thumbnail of Economic and Social Classes in Theorizing Unpaid Household Activities Under Capitalism

Journal of Economic Issues, 2015

In this paper, I offer a framework for analyzing non-market oriented household activities in a wa... more In this paper, I offer a framework for analyzing non-market oriented household activities in a way that overcomes some issues about defining the boundaries among household activities. I utilize the concept of a social process and discuss how unpaid household activities are part of labor, care, recreation, and consumption processes. Next, I explain the importance of introducing economic class and social class processes into the framework, as well as the importance of making a distinction between the two. Economic class accounts for the basics of the capitalist economy, and social class opens contexts of variation. The framework allows for a multidimensionality of individuals and opens the question of unpaid activities varying in categorization based on economic class. Also, it helps the economic analysis of capitalism consider that maintaining a household lifestyle directly involves and pertains to unpaid household activities that are part of each of the delineated labor, care, recreation, and consumption processes.

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Research paper thumbnail of Land, International Mobile Labor, Remittances, and Provisioning

Journal of Economic Issues

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Research paper thumbnail of Social Processes of Oppression in the Stratified Economy and Veblenian Feminist post Keynesian Connections

Post Keynesian Economic Society, 2023

Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. ... more Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. The article takes a Veblenian feminist view to discuss aspects of oppression in economies of stratification, and outlines connections to areas of Post Keynesian economics. The article is structured around "five faces of oppression" delineated by political theorist Iris Young (1990): exploitation, violence, powerlessness, cultural imperialism, and marginalization. The paper reframes those based on a conception of evolving social processes and diverse economic relations, and employs Veblen's theory of surplus and stratification, which has a broad understanding of domination that goes beyond capital accumulation. The article provides illustrations of these interconnected aspects of oppression, and discusses how each is co-opted today. The article presents specific connections to Post Keynesian economic analysis and concludes by highlighting the potential of Post Keynesian economics for social justice.

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Research paper thumbnail of Institutional Theory, Socialization of Investment, and Care-Based Full Employment for Equity and Human Development

Journal of Economic Issues, 2022

The article discusses commitment to full employment in light of institutional theory and offers a... more The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of the “socialization of investment” concept. The discussion builds on Veblen’s theory of human development, predation, and capitalism. It highlights contemporary institutional inquiry in a discussion of ongoing issues of care and disparities. Based on this, the article formulates problems for future inquiry. The article also provides insights about Job Guarantee based on institutional concepts.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Hazel Kyrk's "A Theory of Consumption", Veblen's Business and Industrial Concerns, and W.C. Mitchell's Essays on Spending and Money: Conceptual Links

Research in the History of Economic Thought and Methodology, 2023

The paper discusses conceptual links among Hazel Kyrk’s A Theory of Consumption (1923); the overa... more The paper discusses conceptual links among Hazel Kyrk’s A Theory of Consumption (1923); the overall work of Thorstein Veblen, and Wesley C. Mitchell’s essays on spending and money. The three authors are concerned with transformations in production, related changes in the organization of consumption, and the effects on people. The approach is based on reading of Kyrk’s book in light of an integrated view of Veblen’s overall work. The paper explains how Mitchell’s essays on money and spending built on Veblen’s work, and discusses their relevance for understanding Kyrk’s book as conceptually linked to institutional economics. The paper delineates the following commonalities: conception of living humans and money as an institution; distinction between business and industrial concerns; connection between distribution, waste, and consumption; and Veblen’s “machine process” of standardization in production and its relation to consumption. The paper brings more detail in the conceptual and theoretical discussion of Veblen’s influence on Kyrk’s book.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

PKES Working Papers, 2022

The article discusses commitment to full employment in light of institutional theory and offers a... more The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of Keynes’s "socialization of investment" concept. The discussion builds on Veblen's theory of human development, predation, and capitalism. It highlights contemporary institutional inquiry in a discussion of ongoing issues of care and social disparities. Based on this, the article formulates problems for a broader inquiry about socialization of investment. The article provides insights about Job Guarantee based on original institutional economics concepts.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Social Provisioning within a Culture-Nature Life Process

Review of Political Economy, 2015

Abstract Social provisioning is an amalgamation of social processes within a broader culture-natu... more Abstract Social provisioning is an amalgamation of social processes within a broader culture-nature life process. This article contributes to the literature on developing the concept of ‘social provisioning' and explores its scope by presenting theoretical and methodological contexts for social provisioning. Then it delineates three categories of processes: biological and geographical processes, processes that are usually analyzed as personal characteristics or social categories (e.g., gender), and processes defined around social activities (e.g., consumption). The system of processes presented allows for diverse entry points to an analysis of social provisioning beyond consumption, production and distribution. Further, the system of processes transcends the culture-economy, nature-economy, nature-culture and micro-macro dualisms in heterodox economic theory.

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Research paper thumbnail of Economic and Social Classes in Theorizing Unpaid Household Activities Under Capitalism

Journal of Economic Issues, 2015

Abstract: In this paper, I offer a framework for analyzing non-market oriented household activiti... more Abstract: In this paper, I offer a framework for analyzing non-market oriented household activities in a way that overcomes some issues about defining the boundaries among household activities. I utilize the concept of a social process and discuss how unpaid household activities are part of labor, care, recreation, and consumption processes. Next, I explain the importance of introducing economic class and social class processes into the framework, as well as the importance of making a distinction between the two. Economic class accounts for the basics of the capitalist economy, and social class opens contexts of variation. The framework allows for a multidimensionality of individuals and opens the question of unpaid activities varying in categorization based on economic class. Also, it helps the economic analysis of capitalism consider that maintaining a household lifestyle directly involves and pertains to unpaid household activities that are part of each of the delineated labor, care, recreation, and consumption processes.

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Research paper thumbnail of Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

SSRN Electronic Journal, 2013

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Research paper thumbnail of Households in Heterodox Economic Theory

The Routledge Handbook of Heterodox Economics, edited by T-H. Jo, L. Chester, and C. D’lppoliti. New York: Routledge, 2018

The paper builds on various heterodox approaches to economics to explore a direction towards anal... more The paper builds on various heterodox approaches to economics to explore a direction towards analyzing households within heterodox economic theory of social provisioning. The first section delineates five main theoretical foundations of households within heterodox economic perspectives. The second section discusses the analytical categories of the household as a going concern, the household as an institution, and the household as an actor-participant within a system of provisioning processes. Finally, the paper offers three specific suggestions for future developments.

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Research paper thumbnail of Remittances and Households within Neoliberalism: A “Triple Movement”

Journal of Economic Issues, 2021

Abstract The article aims at advancing feminist institutional theory by expanding and revising Ka... more Abstract The article aims at advancing feminist institutional theory by expanding and revising Karl Polanyi’s framework of capitalist development as it applies to remittances and transnational households. The triple movement is offered by Nancy Fraser to revisit Karl Polanyi’s conception of the double-movement from a feminist perspective. It encompasses not only marketization and social protection, but also emancipation from social relations and markets. The article applies this concept to an understanding of remittance-driven labor exports and the formation of transnational households as an emerging institution of social protection. The discussion focuses on labor as a globalized fictitious commodity, global care chains, and the effects of COVID-19. The article points to the centrality of social subordination in marketization of remittances and labor, as well as to the fragility of this approach to social provisioning.

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Research paper thumbnail of Connecting Social Provisioning and Functional Finance in a Post-Keynesian Institutional Analysis of the Public Sector

SSRN Electronic Journal, 2013

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Research paper thumbnail of A Veblenian articulation of the monetary theory of production

The article presents a further articulation of the monetary theory of production inspired by the ... more 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”.

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Research paper thumbnail of Toward a Feminist Post Keynesian Approach to Monetary Production and Social Provisioning (2005)

SSRN Electronic Journal, 2005

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Research paper thumbnail of From Monetary Theory of Production to Culture-Nature Life Process: Feminist-Institutional Elaborations of Social Provisioning

SSRN Electronic Journal, 2014

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Research paper thumbnail of A Veblenian Feminist Articulation of Monetary Theory of Production

The article presents a further articulation of the monetary theory of production inspired by the ... more 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”.

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Research paper thumbnail of Towards a conceptualization of a debt-credit social process

Journal of Cultural Economy, 2016

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Research paper thumbnail of Las contribuciones de Frederic S. Lee a la economía heterodoxa

espanolLa comunidad de los economistas heterodoxos ha perdido a Fred Lee, uno de sus lideres mas ... more espanolLa comunidad de los economistas heterodoxos ha perdido a Fred Lee, uno de sus lideres mas entusiastas y que estuvo en el centro del movimiento de la economia heterodoxa durante las ultimas tres decadas. Este articulo describe el amplio espectro de las contribuciones que Fred Lee realizo a la economia heterodoxa, y se centra en sus aportaciones a la formacion de la historia e identidad de la economia heterodoxa, a la teoria microeconomica heterodoxa, y al analisis del proceso de aprovisionamiento social. ?Cual es el significado de estas contribuciones para la economia heterodoxa? Fred Lee nos ha legado teorias heterodoxas, instituciones y buena voluntad que continuaran desarrollandose en el trabajo de aquellos economistas preocupados por establecer una teoria critica alternativa al statu quo. EnglishThe community of heterodox economists has lost Fred Lee, one of its fervent leaders, who has been at the center of the heterodox movement for the past three decades. The paper deli...

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Research paper thumbnail of Consumption in the context of social provisioning and capitalism: beyond consumer choice and aggregates

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Research paper thumbnail of Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Economic and Social Classes in Theorizing Unpaid Household Activities Under Capitalism

Journal of Economic Issues, 2015

In this paper, I offer a framework for analyzing non-market oriented household activities in a wa... more In this paper, I offer a framework for analyzing non-market oriented household activities in a way that overcomes some issues about defining the boundaries among household activities. I utilize the concept of a social process and discuss how unpaid household activities are part of labor, care, recreation, and consumption processes. Next, I explain the importance of introducing economic class and social class processes into the framework, as well as the importance of making a distinction between the two. Economic class accounts for the basics of the capitalist economy, and social class opens contexts of variation. The framework allows for a multidimensionality of individuals and opens the question of unpaid activities varying in categorization based on economic class. Also, it helps the economic analysis of capitalism consider that maintaining a household lifestyle directly involves and pertains to unpaid household activities that are part of each of the delineated labor, care, recreation, and consumption processes.

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Research paper thumbnail of Money and Households in a Capitalist Economy

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Research paper thumbnail of Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee

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Research paper thumbnail of Heterodox Economics Newsletter 1 MONEY AND HOUSEHOLDS IN A CAPITALIST ECONOMY: A GENDERED POST KEYNESIAN

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Research paper thumbnail of Money and households in a capitalist economy: a gendered post Keynesian-institutional analysis

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Research paper thumbnail of Social Processes of Oppression in the Stratified Economy and Veblenian Feminist Post Keynesian Connections

Journal of Post Keynesian Economics, 2023

Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. ... more Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. The article takes a Veblenian feminist view to discuss aspects of oppression in economies of stratification, and outlines connections to areas of Post Keynesian economics. The article is structured around "five faces of oppression" delineated by political theorist Iris Young (1990): exploitation, violence, powerlessness, cultural imperialism, and marginalization. The paper reframes those based on a conception of evolving social processes and diverse economic relations, and employs Veblen's theory of surplus and stratification, which has a broad understanding of domination that goes beyond capital accumulation. The article provides illustrations of these interconnected aspects of oppression, and discusses how each is co-opted today. The article presents specific connections to Post Keynesian economic analysis and concludes by highlighting the potential of Post Keynesian economics for social justice.

Bookmarks Related papers MentionsView impact

Research paper thumbnail of Remittances and Households within Neoliberalism: A “Triple Movement”

Journal of Economic Issues, 2021

The article aims at advancing feminist institutional theory by expanding and revising ... more The article aims at advancing feminist institutional theory by expanding and revising Karl Polanyi’s framework of capitalist development as it applies to remittances and transnational households. The triple movement is offered by Nancy Fraser to revisit Karl Polanyi’s conception of the double-movement from a feminist perspective. It encompasses not only marketization and social protection, but also emancipation from social relations and markets. The article applies this concept to an understanding of remittance-driven labor exports and the formation of transnational households as an emerging institution of social protection. The discussion focuses on labor as a globalized fictitious commodity, global care chains, and the effects of COVID-19. The article points to the centrality of social subordination in marketization of remittances and labor, as well as to the fragility of this approach to social provisioning.

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Research paper thumbnail of Remittances and Households in the Age of Neoliberal Uncertainty

Journal of Economic Issues, 2019

International migration and remittance flows have been reframed as catalysts for poverty reductio... more International migration and remittance flows have been reframed as catalysts for poverty reduction and development through marketization. Growth, measurement, and promotion of global remittances have emerged against the backdrop of neoliberal structural adjustment programs and financialization. Those processes have paralleled the emergence of the transnational household as a global institution. The article suggests that transnational households characterize a new stage of neoliberal capitalist development. The article revisits Karl Polanyi's The Great Transformation and discusses how active governance and neoliberal discourse regulate and frame labor and remittances as "fictitious commodities." Further, it is argued that transnational households take active roles in Polanyi's "double movement," by providing social protection amidst narrow public responsibility for provisioning. The article identifies this as a new element of "the great transformation," and referring to J. K. Galbraith, as a new age of neoliberal uncertainty.

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Research paper thumbnail of A Veblenian Feminist Articulation of Monetary Theory of Production

The article presents a further articulation of the monetary theory of production inspired by the ... more 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”.

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Research paper thumbnail of Social Provisioning within a Culture-Nature Life-Process

The article seeks to contribute to the literature on developing the concept of social provisionin... more The article seeks to contribute to the literature on developing the concept of social provisioning as an organizing concept of heterodox economic analysis. Social provisioning is formulated as an amalgamation of social processes within a broader culture-nature life-process. The objective is to provide analytical details into the scope of social provisioning analysis that further enables a critical and contextual inquiry about capitalism. First, the article provides a theoretical and methodological context of social provisioning analysis. The article proceeds to delineate three main categories of processes: biological and geographical processes; processes that are usually analyzed as personal characteristics or as social categories (e.g. gender), and processes defined around social activities (e.g. consumption). The delineated system of processes offers diverse entry points into analysis of social provisioning, that is, beyond consumption, production, and distribution. Further, it transcends the culture-economy, nature-economy, nature-culture, and micro-macro dualisms in heterodox economic theory.

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Research paper thumbnail of Towards a conceptualization of a debt-credit social process

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Research paper thumbnail of Economic and Social Classes in Theorizing Unpaid Household Activities Under Capitalism

In this paper, I offer a framework for analyzing non-market oriented household activities in a wa... more In this paper, I offer a framework for analyzing non-market oriented household activities in a way that overcomes some issues about defining the boundaries among household activities. I utilize the concept of a social process and discuss how unpaid household activities are part of labor, care, recreation, and consumption processes. Next, I explain the importance of introducing economic class and social class processes into the framework, as well as the importance of making a distinction between the two. Economic class accounts for the basics of the capitalist economy, and social class opens contexts of variation. The framework allows for a multidimensionality of individuals and opens the question of unpaid activities varying in categorization based on economic class. Also, it helps the economic analysis of capitalism consider that maintaining a household lifestyle directly involves and pertains to unpaid household activities that are part of each of the delineated labor, care, recreation, and consumption processes.

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Research paper thumbnail of Evolution of U.S. Household Agency Over Stages of Capitalism

Journal of Economic Issues, 2016

We suggest ways to explore household agency over stages of capitalism as delineated by Hyman Mins... more We suggest ways to explore household agency over stages of capitalism as delineated by Hyman Minsky. We make a distinction between households as institutions and going concerns. Furthermore, we delineate two levels of household agency: (i) household going concerns operating through the institution of the household, and (ii) household going concerns operating through other institutions, such as the state and the business enterprise. Those layers of household agency are especially salient in money manager capitalism, where there is an illusionary agency for most households, and where actual agency increases mostly for those households that are able to operate as agents outside of the household institution.

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Research paper thumbnail of Consumption as a Social Process

Journal of Economic Issues, 2014

ABSTRACT This article discusses consumption as a social process that is part of social provisioni... more ABSTRACT This article discusses consumption as a social process that is part of social provisioning and is in an evolutionary interplay with other social processes. The analysis provides grounds for a context-specific research that explores consumption in the context of a culture-nature life process, and draws on material from various disciplines. The article seeks to contribute to the literature on social provisioning as an organizing concept in heterodox economics. The first section explains what is meant by social process and delineates its elements. The second section formulates a categorization of social processes, and locates a consumption process within a system of culture-nature life processes. The rest of the article delineates the elements of the consumption process, providing illustrations based on literature from various disciplines. Specifically, the third section discusses consumption activities. The fourth section discusses institutions and systems of provision of goods and services. The fifth section applies the concept of habits of life and thought to the consumption process. Finally, the article concludes that the formulated analysis transcends dualisms such as social-economic, cultural-material, society-nature, and micro-macro, and draws implications for heterodox economics.

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Research paper thumbnail of Gender Dimensions of the U.S. Consumer Borrowing Expansion

Journal of Economic Issues, 2014

ABSTRACT The article calls attention to gender as a dimension of the expansion of U. S. consumer ... more ABSTRACT The article calls attention to gender as a dimension of the expansion of U. S. consumer borrowing. The first section emphasizes that gender is not a dummy variable, but an evolution of habits of thought. The second section discusses how changing gender relations are connected to gendered product differentiation and market expansion. The final section connects gendered market expansion and changing gender habits of thought to the expansion of consumer borrowing. We argue that, in addition to the acknowledged role of credit, gender relations also mask the structural financial fragility of households.

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Research paper thumbnail of Connecting Social Provisioning and Functional Finance in a Post Keynesian-Institutional Analysis of the Public Sector

European Journal of Economics and Economic Policies: Intervention 10 (1): 2013, Jan 2013

This paper establishes connections between the frameworks of social provisioning and functional f... more This paper establishes connections between the frameworks of social provisioning and functional finance, and discusses a post-Keynesian–Institutionalist theory of the public sector that emerges out of these linkages. The concept of social provisioning has emerged out of Institutional economics, and has been further developed by institutional and other heterodox economists. Its potential as a methodological foundation that connects various heterodox approaches has received some growing attention. Such discussions have not referred in an analytical manner to functional finance. On the other hand, the principles of functional finance have been elaborated and developed outside an explicit grounding in a social provisioning framework. The article specifies further the concept of social provisioning and discusses functional finance within such a framework. The framework of functional finance gains a structural and institutional grounding which enables a deeper and more critical conceptualization of the public sector.

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Research paper thumbnail of Conspicuous Consumption as Routine Expenditure and its Place in the Social Provisioning Process

American Journal of Economics and Sociology, 2013

The article utilizes the framework of social provisioning to argue that conspicuous consumption i... more The article utilizes the framework of social provisioning to argue that conspicuous consumption is an essential process of capitalism, and should be explored as a routine practice rather than an exceptional behavior. The objectives are: 1) to discuss conspicuous consumption as a process within a heterodox social provisioning framework; and 2) to emphasize the need for formulating theoretical concepts and discussions that are consistent with heterodox frameworks such as social provisioning.

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Research paper thumbnail of Inequality-Led Financial Instability

International Journal of Political Economy, 2010

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Research paper thumbnail of What Makes a Bailout Acceptable?

Journal of Economic Issues, 2009

Since March 2008 we have witnessed a flurry of government" bailouts," d... more Since March 2008 we have witnessed a flurry of government" bailouts," directed to assist financial institutions. What has made these more or less acceptable to the public is the hope that they are temporary, implemented in a state of emergency, and that they offer market ...

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Research paper thumbnail of Deficits and Institutional Theorizing about Households and the State

Journal of Economic Issues, Jan 1, 2007

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Research paper thumbnail of INTRODUCTION: EXPLORING FEMINIST ECOLOGICAL ECONOMICS / GENDER, DEVELOPMENT, AND SUSTAINABILITY FROM A LATIN AMERICAN PERSPECTIVE / AFRICAN PEASANTS AND GLOBAL GENDERED CLASS STRUGGLE FOR THE COMMONS / ECOFEMINIST POLITICAL ECONOMY: INTEGRATING FEMINIST ECONOMICS AND ECOLOGICAL ECONOMICS / HABITS...

Feminist Economics, 2005

These Explorations argue that more links between the fields of feminist ecology and feminist econ... more These Explorations argue that more links between the fields of feminist ecology and feminist economics are both needed and promising, and presents new, boundary-crossing research in this area. It brings together contributions from various regions in the world that link political action and experience in practice and research in an economic theorizing that includes both environmental and feminist concerns.

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Research paper thumbnail of Instrumental and Ceremonial Aspects of Consumer Behavior Among Women in the USA

Citeseer

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Research paper thumbnail of The Future of Money: From Financial Crisis to Public Resource (review)

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Research paper thumbnail of Economics and Diversity

Review of Political Economy, 2014

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Research paper thumbnail of Book Review: The Future of Money: From Financial Crisis to Public Resource

Review of Radical Political Economics, 2013

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Research paper thumbnail of Toxic Exports: The Transfer of Hazardous Wastes from Rich to Poor Countries

Review of Radical Political Economics, 2003

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Research paper thumbnail of Inequality, Consumer Credit, and the Saving Puzzle by Christopher Brown; Edward Elgar

Eastern Economic Journal

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Research paper thumbnail of The Future of Money: From Financial Crisis to Public Resource (review)

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Research paper thumbnail of Gender, Development, and Globalization: Economics as if All People Mattered (review)

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Research paper thumbnail of The Price of Truth: Gift, Money, and Philosophy (review)

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Research paper thumbnail of Long review of: The Price of Truth: Gift, Money, and Philosophy

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Research paper thumbnail of Bookreview of: The Price of Truth: Gift, Money, and Philosophy - by Marcel Henaff - Stanford University Press: Stanford, California, 2010, 466 Pages

SSRN Electronic Journal, 2000

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Research paper thumbnail of Inequality, Consumer Credit, and the Saving Puzzle

Eastern Economic Journal, Jan 1, 2011

Abstract In this timely and engaging book, Christopher Brown makes a contribution to Post Keynesi... more Abstract In this timely and engaging book, Christopher Brown makes a contribution to Post Keynesian and Institutional economics while also discussing the place of consumer credit in a macroeconomic context—in particular, its role in the business cycle and distribution. The ...

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