Social Provisioning Process and Socio-Economic Modeling

Tae-Hee Jo ()

MPRA Paper from University Library of Munich, Germany

Abstract: The radical difference between orthodox and heterodox economics emanates from the different views of the capitalist socio-economic system. Economics as the science of social provisioning felicitously describes the heterodox view that economy is part of the evolving social order; social agency is embedded in the social and cultural context; a socio-economic change is driven by technical and cultural changes; and the provisioning process is open-ended. Such a perspective on economy offers ample methodological and theoretical implications for modeling the capitalist economy in a realistic manner. It lends itself especially to the micro-macro synthetic approach. Thus the objective of this paper is twofold: 1) to examine how the concept of the social provisioning process can be clarified and expanded by virtue of recent development in heterodox methodology and 2) to discuss how methodological development would nourish the heterodox modeling and theorizing of the capitalist social provisioning process.

Keywords: Social Provisioning; heterodox economics; social fabric matrix; system dynamics; social surplus approach (search for similar items in EconPapers)
JEL-codes: B41 B51 B52 (search for similar items in EconPapers)
Date: 2011-03-15
New Economics Papers: this item is included in nep-evo, nep-hme and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

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Related works:
Journal Article: Social Provisioning Process and Socio‐Economic Modeling (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28969

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