A Veblenian articulation of the monetary theory of production

Zdravka Todorova

No PKWP1501, Working Papers from Post Keynesian Economics Society (PKES)

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”.

Keywords: Monetary theory of production; Thorstein Veblen; capitalism; heterodox economics; social provisioning; class; political economy (search for similar items in EconPapers)
JEL-codes: B15 B41 B52 B54 P16 Z13 (search for similar items in EconPapers)
Pages: 30
Date: 2015-03
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe, nep-mon and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pke:wpaper:pkwp1501

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