This book consists of nine essays that model the economy considerably differently to mainstream economics.

• Contributes to the development of a model of a socially embedded economy, taking an alternative approach to mainstream economics
• Builds on a non-mainstream definition of economics as being concerned with social provisioning: a process in which all economic activities are social activities, informed by social norms, institutions, and ideologies
• Integrates different theories of economic modelling, including the social surplus approach, social fabric matrix, social accounting matrix, social structures of accumulation, stock-flow consistent modelling, and structure-agency
• Reviews the introduction of state money (and hence the financial sector) into an input-output model – a somewhat new innovation in modelling the economy

Frederic S. Lee is a Professor of Economics at the University of Missouri-Kansas City. He has published extensively on heterodox microeconomics, on the history of heterodox economics. He was the editor of the Heterodox Economics Newsletter and the executive director of ICAPE. He is currently the editor of the American Journal of Economics and Sociology. He has published in numerous heterodox journals including the Journal of Post Keynesian Economics, Review of Radical Political Economics, Review of Social Economy, Cambridge Journal of Economics, Review of Political Economy, and the Journal of Economic Issues.