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Article
Connecting Social Provisioning and Functional Finance in a Post-Keynesian – Institutional Analysis of the Public Sector
European Journal of Economics and Economic Policies: Intervention
  • Zdravka Todorova, Wright State University - Main Campus
Document Type
Article
Publication Date
4-1-2013
Abstract
This paper establishes connections between the frameworks of social provisioning and functional finance, and discusses a post-Keynesian–Institutionalist theory of the public sector that emerges out of these linkages. The concept of social provisioning has emerged out of Institutional economics, and has been further developed by institutional and other heterodox economists. Its potential as a methodological foundation that connects various heterodox approaches has received some growing attention. Such discussions have not referred in an analytical manner to functional finance. On the other hand, the principles of functional finance have been elaborated and developed outside an explicit grounding in a social provisioning framework. The article specifies further the concept of social provisioning and discusses functional finance within such a framework. The framework of functional finance gains a structural and institutional grounding which enables a deeper and more critical conceptualization of the public sector.
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This is an open access article.

DOI
10.4337/ejeep.2013.01.06
Citation Information
Zdravka Todorova. "Connecting Social Provisioning and Functional Finance in a Post-Keynesian – Institutional Analysis of the Public Sector" European Journal of Economics and Economic Policies: Intervention Vol. 10 Iss. 1 (2013) ISSN: 20527764
Available at: http://works.bepress.com/zdravka_todorova/11/