Zdravka Todorova

Zdravka Todorova
Wright State University | WSU · Department of Economics

Professor
money, care, and diverse economic relations; job guarantee; feminist economics; consumption; Veblen; Karl Polanyi

About

57
Publications
3,792
Reads
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310
Citations
Citations since 2016
17 Research Items
170 Citations
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Introduction
I study diverse economic relations, money, and a non-dualistic understanding of the economy as social provisioning and culture-nature. Ongoing research includes: 1) a feminist perspective on job guarantee, unpaid work, socialization of investment, and care; 2) a critique of “sound finance” and “commodity money” and an updated feminist and institutional understanding of functional finance and public economics; 3) a feminist reading of Veblen and revision of K. Polanyi in contemporary contexts.
Additional affiliations
August 2006 - present
Wright State University
Position
  • Professor
Description
  • Institutional Economics; Economic, Social, and Ecological Systems; Development of Economic Thought; Political Economy of Women; Principles of Macroeconomics; Economic, Business and Social Issues; Applied Macroeconomics

Publications

Publications (57)
Conference Paper
Full-text available
The article seeks to contribute to the literature on developing the concept of social provisioning as an organizing concept of heterodox economic analysis. Social provisioning is formulated as an amalgamation of social processes within a broader culture-nature life-process. The objective is to provide analytical details into the scope of social pro...
Article
Full-text available
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 ot...
Book
Full-text available
Post Keynesian analyses of monetary production have not given much attention to households as institutions, while a good deal of the literature in feminist economics discusses households in a strictly microeconomic context, with little consideration of monetary phenomena. This book, a unique study of the capitalist economy, utilizes a distinctive c...
Article
Full-text available
The paper discusses the Employment of Last Resort (ELR) policy proposal that has emerged from Post Keynesian theory as an embodiment of what Keynes called “socialization of investment,” as well as an avenue for a social provisioning approach towards socialization of unpaid care labor. Intersections between Post Keynesian and feminist economics are...
Preprint
Full-text available
The paper builds on various heterodox approaches to economics to explore a direction towards analyzing households within heterodox economic theory of social provisioning. The first section delineates five main theoretical foundations of households within heterodox economic perspectives. The second section discusses the analytical categories of the...
Conference Paper
Full-text available
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...
Article
The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of the “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 d...
Article
We continue exploring Karl Polanyi’s analysis of “fictitious commodities” in relation to international labor migration. In this article we focus on land and discuss examples that show the cumulative processes of international migration, people, agriculture, debt, inequities, and nature.
Article
The article aims at advancing feminist institutional theory by expanding and revising Karl Polanyi’s framework of capitalist development as it applies to remittances and transnational households. The triple movement is offered by Nancy Fraser to revisit Karl Polanyi’s conception of the double-movement from a feminist perspective. It encompasses not...
Preprint
Full-text available
Abstract: The article aims at advancing feminist institutional theory by expanding and revising Karl Polanyi’s framework of capitalist development as it applies to remittances and transnational households. The triple movement is offered by Nancy Fraser to revisit Karl Polanyi’s conception of the double-movement from a feminist perspective. It encom...
Presentation
Full-text available
https://www.youtube.com/watch?v=-VdtfOwvCmQ
Article
Full-text available
International migration and remittance flows have been reframed as catalysts for poverty reduction and development through marketization. Growth, measurement, and promotion of global remittances have emerged against the backdrop of neoliberal structural adjustment programs and financialization. Those processes have paralleled the emergence of the t...
Article
Full-text available
Resumen La comunidad de los economistas heterodoxos ha perdido a Fred Lee, uno de sus líderes más entusiastas y que estuvo en el centro del movimiento de la economía heterodoxa durante las últimas tres décadas. Este artículo describe el amplio espectro de las contribuciones que Fred Lee realizó a la economía heterodoxa, y se centra en sus aportacio...
Chapter
The paper builds on various heterodox approaches to economics to explore a direction towards analyzing households within heterodox economic theory of social provisioning. The first section delineates five main theoretical foundations of households within heterodox economic perspectives. The second section discusses the analytical categories of the...
Chapter
The social provisioning process is a heterodox view of the economy and the subject matter of heterodox economic inquiry. The study of the social provisioning process is how heterodox economists define economics in general. That is, instead of having a narrow definition of what constitutes economics, such as the mainstream has with its “allocation o...
Article
Full-text available
This a review essay of Debt to Society by Miranda Joseph.The essay connects Miranda Joseph's book Debt to Society to concerns within heterodox economics. It is suggested that it is most adequate to see debt as a process, and especially as a debt-credit process. The paper makes this argument in light of the development of economics into a mainstream...
Article
Full-text available
We suggest ways to explore household agency over stages of capitalism as delineated by Hyman Minsky. We make a distinction between households as institutions and going concerns. Furthermore, we delineate two levels of household agency: (i) household going concerns operating through the institution of the household, and (ii) household going concerns...
Research
Full-text available
Introduction to Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, Routledge, 2015
Chapter
Full-text available
John F. Henry is an eminent economist who has made important contributions to heterodox economics drawing on Adam Smith, Karl Marx, Thorstein Veblen, and John Maynard Keynes. His historical approach offers radical insights into the evolution of ideas (ideologies and theories) giving rise to and/or induced by the changes in capitalist society. Essay...
Book
Full-text available
This collection of essays honors the life and work of one of the most prominent and fervent heterodox economists, Frederic S. Lee, who has been at the heart of the heterodox economics movements for the past three decades. Authors in this book demonstrate that heterodox economic has transcended the criticism of mainstream economics and, more importa...
Preprint
Full-text available
Social provisioning is an amalgamation of social processes within a broader culture-nature life process. This article contributes to the literature on developing the concept of "social provisioning" and explores its scope by presenting theoretical and methodological contexts for social provisioning. Then it delineates three categories of processes:...
Article
Full-text available
In this paper, I offer a framework for analyzing non-market oriented household activities in a way that overcomes some issues about defining the boundaries among household activities. I utilize the concept of a social process and discuss how unpaid household activities are part of labor, care, recreation, and consumption processes. Next, I explain...
Article
Full-text available
This paper was published as: “A Further Veblenian Articulation of a Monetary Theory of Production.” In Marx, Veblen, and the Foundations of Heterodox Economics: Essays in Honor of John F. Henry, edited by Tae-Hee Jo and Frederic S. Lee. London: Routledge, 2015 (102-123).
Article
This article discusses consumption as a social process that is part of social provisioning and is in an evolutionary interplay with other social processes. The analysis provides grounds for a context-specific research that explores consumption in the context of a culture-nature life process, and draws on material from various disciplines. The artic...
Article
The article calls attention to gender as a dimension of the expansion of U. S. consumer borrowing. The first section emphasizes that gender is not a dummy variable, but an evolution of habits of thought. The second section discusses how changing gender relations are connected to gendered product differentiation and market expansion. The final secti...
Article
The article seeks to contribute to the literature on social provisioning as an organizing concept in heterodox economics. Particularly, the article details social provisioning as an amalgamation of processes and as a part of a system of culture-nature life process. First, the article delineates a categorization of social provisioning activities wit...
Article
The article utilizes the framework of social provisioning to argue that conspicuous consumption is an essential process of capitalism, and should be explored as a routine practice rather than an exceptional behavior. The objectives are: 1) to discuss conspicuous consumption as a process within a heterodox social provisioning framework; and 2) to em...
Article
The article discusses consumption as a social process that is a part of social provisioning and is in an evolutionary interplay with other social processes. The discussion is grounded in, but is not limited to the contributions of Thorstein Veblen. The first section delineates social provisioning as a framework for consumption inquiry. This section...
Article
Full-text available
The paper uses Minsky's Financial Instability Hypothesis as an analytical framework for understanding the subprime mortgage crisis and for introducing adequate reforms to restore economic stability. We argue that the subprime financial turmoil has deeper structural origins that go beyond the housing market and financial markets. We argue that inequ...
Article
Full-text available
The purpose of this paper is to connect Minsky’s (1986) financial instability hypothesis which reveals the inherent endogenous destabilizing forces of monetary production to a social provisioning approach outlined by feminist economists (Jullie Nelson 1993; Hutchinson et al 2002; Power 2004). The paper builds more specifically on Power’s (2004) del...
Article
Full-text available
Since March 2008 we have witnessed a flurry of government "bailouts," directed to assist financial institutions. What has made these more or less acceptable to the public is the hope that they are temporary, implemented in a state of emergency, and that they offer market solutions and won't structurally change capitalist relations. However, no temp...
Book
Full-text available
Post Keynesian analyses of monetary production have not given much attention to households as institutions, while a good deal of the literature in feminist economics discusses households in a strictly microeconomic context, with little consideration of monetary phenomena. This book, a unique study of the capitalist economy, utilizes a distinctive c...
Article
The paper uses Minsky's financial instability hypothesis as an analytical framework for understanding the subprime mortgage crisis and for introducing adequate reforms to restore economic stability. We argue that the subprime crisis has structural origins that extend far beyond the housing and financial markets. We further argue that rising inequal...
Article
These Explorations argue that more links between the fields of feminist ecology and feminist economics are both needed and promising, and presents new, boundary-crossing research in this area. It brings together contributions from various regions in the world that link political action and experience in practice and research in an economic theorizi...
Article
Full-text available
The paper puts an issue of public health into the context of global finance with a particular reference to Highly Indebted Poor Countries (HIPC) Debt Initiative. The discussion focuses on HIPCs with an adult prevalence rate of HIV above 4%. Thus, emergent case of public health issue is situated in a global finance perspective. The purpose is to sho...

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Cited By

Projects

Projects (10)
Project
Micro-Macro policy formulation for full employment that recognizes care and ecological sustainability as central.
Project
Studying consumption beyond individual choice and aggregates, and further devoloping the concept of consumption as a social process.
Project
Veblen's comprehensive theory and its relevance for feminist economic analysis