A Further Veblenian Articulation of a Monetary Theory of Production

Document Type

Book Chapter

Publication Date



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.

Find in your library

Off-Campus WSU Users