Social Provisioning, Embeddedness, and Modeling the Economy Studies in Economic Reform and Social Justice

This book consists of nine essays that model the economy much differently than mainstream economics models the economy. Essays integrate the social surplus approach, social fabric matrix approach, input-output modelling, social accounting matrix, social structures of accumulation, stock-flow consistent modelling, and structure-agency. Includes an essay that introduces state money and hence the financial sector into a input-output model-a somewhat new innovation in modelling the economy.

Frederic S. Lee is a Professor of Economics at the University of Missouri-Kansas City. He has published extensively on heterodox microeconomics, on the history of heterodox economics. He was the editor of the Heterodox Economics Newsletter and the executive director of ICAPE. He is currently the editor of the American Journal of Economics and Sociology. He has published in numerous heterodox journals including the Journal of Post Keynesian Economics, Review of Radical Political Economics, Review of Social Economy, Cambridge Journal of Economics, Review of Political Economy, and the Journal of Economic Issues.