Social Provisioning Process and Socio-Economic Modeling

Social Provisioning Process and Socio-Economic Modeling

Bibliographic Data

ID2814903
AuthorsTae‐hee Jo (0000-0002-0242-024X, Buffalo State University, corresponding author), Tae-Hee Jo
Year2011
Volume70
Issue5
Pages1094-1116
Publication date2011-11-01
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.2011.00808.x
OpenAlexW2240662126
LanguageEN
Citations received15
References cited52

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 the 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 the 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 article 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

Agency (philosophy) · Applied economics · Context (archaeology) · Economic system · Economics · Heterodox economics · Mainstream economics · Market economy · Neoclassical economics · Process (computing) · Provisioning · Social economy · Social science · Sociology · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · Political Economy and Marxism

Tools

Open DOISci-HubOpen Access