A Further Veblenian Articulation of a Monetary Theory of Production
Document Type
Book Chapter
Publication Date
2015
Abstract
The chapter offers further articulation of the monetary theory of production inspired by the writings of Veblen. This includes a formulation of the monetary theory of production as part of social provisioning and the life process, focusing on the production of non-commodities; an extension of the Veblenian dichotomy to non-market activities; a discussion of Veblen’s theory of social valuation in connection to the monetary theory of production and class; and delineation of social processes that constitute social provisioning, and their commodity and non-commodity aspects. All of these are directed toward bridging the gap between monetary production and “the social”—this is also an effort very much present throughout Henry’s work.
Repository Citation
Todorova, Z.
(2015). A Further Veblenian Articulation of a Monetary Theory of Production. Marx, Veblen, and the Foundations of Heterodox Economics: Essays in Honor of John F. Henry, 102-122.
https://corescholar.libraries.wright.edu/econ/303
