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Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics

Author

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  • Zdravka Todorova

Abstract

The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of Keynes’s "socialization of investment" concept. The discussion builds on Veblen's theory of human development, predation, and capitalism. It highlights contemporary institutional inquiry in a discussion of ongoing issues of care and social disparities. Based on this, the article formulates problems for a broader inquiry about socialization of investment. The article provides insights about Job Guarantee based on original institutional economics concepts.

Suggested Citation

  • Zdravka Todorova, 2022. "Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics," Working Papers PKWP2216, Post Keynesian Economics Society (PKES).
    • Handle: RePEc:pke:wpaper:pkwp2216
    as

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    File URL: https://postkeynesian.net/media/working-papers/PKWP2216.pdf
    File Function: First version, 2022
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    References listed on IDEAS

    as
    1. Ann E. Davis, 2021. "“It’s Humanity, Stupid!”: Values and the Definition of Public Goods," Journal of Economic Issues, Taylor & Francis Journals, vol. 55(2), pages 367-372, April.
    2. Avraham I. Barane & Eric R. Hake, 2018. "The Institutionalist Theory of Capital in the Modern Business Enterprise: Appropriation and Financialization," Journal of Economic Issues, Taylor & Francis Journals, vol. 52(2), pages 430-437, April.
    3. Ann E. Davis, 2018. "Global Production Networks and the Private Organization of World Trade," Journal of Economic Issues, Taylor & Francis Journals, vol. 52(2), pages 358-367, April.
    4. Riccardo Bellofiore, 2021. "The Winters of Our Discontent and the Social Production Economy," Review of Political Economy, Taylor & Francis Journals, vol. 33(3), pages 394-413, July.
    5. Dell Champlin, 1998. "The Privatization of Community: Implications for Urban Policy," Journal of Economic Issues, Taylor & Francis Journals, vol. 32(2), pages 595-603, June.
    6. William M. Dugger, 1987. "An Institutionalist Theory of Economic Planning," Journal of Economic Issues, Taylor & Francis Journals, vol. 21(4), pages 1649-1675, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    job guarantee; care systems; Feminist Post Keynesian-Institutional economics; social stratification; socialization of investment; Modern Money Theory and institutions;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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