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Demand, Structural Interdependence, and Economic Provisioning
Author(s) -
MONGIOVI GARY
Publication year - 2011
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.2011.00812.x
Subject(s) - economics , production (economics) , subsistence agriculture , income distribution , population , post keynesian economics , provisioning , effective demand , economic system , microeconomics , macroeconomics , computer science , agriculture , ecology , inequality , demography , sociology , mathematical analysis , telecommunications , mathematics , biology
A bstract Industrial and post‐industrial economies are characterized by a high degree of structural interdependence. Once an economy attains a level of economic development in which the technology enables a substantial portion of the population to enjoy a standard of living significantly above subsistence, “the material needs” of the system become difficult to define because they are interconnected with the relations of production in complex ways. In particular, demand comes to play a key role in the subsequent development of the system. This article presents an intersectoral model that integrates Keynesian and Kaleckian elements onto the classical surplus approach. The aim of the model is to provide a non‐neoclassical framework that can be used to analyze how demand, income distribution, and production are interconnected.