{"id":"https://openalex.org/W1528038129","doi":"https://doi.org/10.1080/00213624.2015.1042772","title":"Economic Waste and Social Provisioning: Veblen and Keynes on the Wealth Effect","display_name":"Economic Waste and Social Provisioning: Veblen and Keynes on the Wealth Effect","publication_year":2015,"publication_date":"2015-04-03","ids":{"openalex":"https://openalex.org/W1528038129","doi":"https://doi.org/10.1080/00213624.2015.1042772","mag":"1528038129"},"language":"en","primary_location":{"id":"doi:10.1080/00213624.2015.1042772","doi":"https://doi.org/10.1080/00213624.2015.1042772","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00213624.2015.1042772","pdf_url":null,"source":{"id":"https://openalex.org/S93666758","display_name":"Journal of Economic Issues","issn_l":"0021-3624","issn":["0021-3624","1946-326X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Issues","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"John P. Watkins","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I156220630","display_name":"Westminster University","ror":"https://ror.org/059rnte75","country_code":"US","type":"education","lineage":["https://openalex.org/I156220630"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"John P. Watkins","raw_affiliation_strings":["Westminster College in Salt Lake City, UT"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Westminster College in Salt Lake City, UT","institution_ids":["https://openalex.org/I156220630"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I156220630"],"apc_list":null,"apc_paid":null,"fwci":2.9736,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.92644783,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":"49","issue":"2","first_page":"441","last_page":"448"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.7178000211715698,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.7178000211715698,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.26420000195503235,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13897","display_name":"Historical Economic and Legal Thought","score":0.008700000122189522,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/economic-waste","display_name":"economic waste","score":0.9269999861717224},{"id":"https://openalex.org/keywords/social-provisioning","display_name":"social provision","score":0.9580000042915344},{"id":"https://openalex.org/keywords/thorstein-veblen","display_name":"Thorstein Veblen","score":0.9800000190734863},{"id":"https://openalex.org/keywords/john-maynard-keynes","display_name":"John Maynard Keynes","score":0.9990000128746033},{"id":"https://openalex.org/keywords/wealth-effects","display_name":"wealth effects","score":0.9959999918937683},{"id":"https://openalex.org/keywords/conspicuous-consumption","display_name":"conspicuous consumption","score":0.8140000104904175},{"id":"https://openalex.org/keywords/rentiers","display_name":"rentiers","score":0.4690000116825104},{"id":"https://openalex.org/keywords/central-banking","display_name":"central banking","score":0.503000020980835},{"id":"https://openalex.org/keywords/federal-reserve","display_name":"Federal Reserve","score":0.7770000100135803},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.4320000112056732},{"id":"https://openalex.org/keywords/insufficient-demand","display_name":"insufficient demand","score":0.7260000109672546},{"id":"https://openalex.org/keywords/demand-side-policy","display_name":"demand-side policy","score":0.5400000214576721},{"id":"https://openalex.org/keywords/life-processes","display_name":"life processes","score":0.5889999866485596},{"id":"https://openalex.org/keywords/military-waste","display_name":"military waste","score":0.3720000088214874}],"concepts":[{"id":"https://openalex.org/C16215860","wikidata":"https://www.wikidata.org/wiki/Q1074135","display_name":"Veblen good","level":2,"score":0.9604170322418213},{"id":"https://openalex.org/C172191483","wikidata":"https://www.wikidata.org/wiki/Q1071806","display_name":"Provisioning","level":2,"score":0.7553056478500366},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6783983111381531},{"id":"https://openalex.org/C151913843","wikidata":"https://www.wikidata.org/wiki/Q3454555","display_name":"Dominance (genetics)","level":3,"score":0.631633996963501},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5307592749595642},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.5044258832931519},{"id":"https://openalex.org/C514928085","wikidata":"https://www.wikidata.org/wiki/Q6206","display_name":"Capitalism","level":3,"score":0.4188619554042816},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.3449380397796631},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.12357831001281738},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C76155785","wikidata":"https://www.wikidata.org/wiki/Q418","display_name":"Telecommunications","level":1,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/00213624.2015.1042772","doi":"https://doi.org/10.1080/00213624.2015.1042772","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00213624.2015.1042772","pdf_url":null,"source":{"id":"https://openalex.org/S93666758","display_name":"Journal of Economic Issues","issn_l":"0021-3624","issn":["0021-3624","1946-326X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-40","russia-white-list-3","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Economic Issues","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mes:jeciss:v:49:y:2015:i:2:p:441-448","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00213624.2015.1042772","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.7811999917030334,"id":"https://metadata.un.org/sdg/12","display_name":"Responsible consumption and production"}],"sustainable_development_goals_aurora":[{"score":0.7099999785423279,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W1523471835","https://openalex.org/W1975478143","https://openalex.org/W1980210234","https://openalex.org/W1991581474","https://openalex.org/W2040362880","https://openalex.org/W2049841607","https://openalex.org/W2054939628","https://openalex.org/W2057508321","https://openalex.org/W2076813903","https://openalex.org/W2123287552","https://openalex.org/W2170875735","https://openalex.org/W2311926055","https://openalex.org/W2315781184","https://openalex.org/W2323266160","https://openalex.org/W2342884274","https://openalex.org/W2495512031","https://openalex.org/W2963096903","https://openalex.org/W4229513237","https://openalex.org/W4250332245"],"related_works":["https://openalex.org/W7216742508","https://openalex.org/W4230924774","https://openalex.org/W2076813903","https://openalex.org/W3039964744","https://openalex.org/W2904292911","https://openalex.org/W567480680","https://openalex.org/W2262690518","https://openalex.org/W1984715449","https://openalex.org/W4399348373","https://openalex.org/W2768453288"],"abstract_inverted_index":{":Economic":[0],"waste":[1,19,47,67,81],"stems":[2,20],"from":[3,21,60,69],"the":[4,11,49,70,84,93,99,116,126],"abuse":[5],"of":[6,13,51,72,80,95,104],"power":[7],"that":[8],"interferes":[9],"with":[10],"process":[12,128],"social":[14,96],"provisioning.":[15],"For":[16,43],"Thorstein":[17],"Veblen,":[18],"individual":[22],"efforts":[23,28,38,71,90],"to":[24,29,39,74,83,91],"show":[25],"superiority,":[26],"corporate":[27],"increase":[30,75],"pecuniary":[31],"returns":[32],"without":[33],"increasing":[34,141],"industry,":[35],"or":[36],"national":[37],"exert":[40],"military":[41],"dominance.":[42],"John":[44],"Maynard":[45],"Keynes,":[46],"assumes":[48],"form":[50],"idle":[52],"factories,":[53],"unemployed":[54],"workers,":[55],"and":[56,86,106,129],"unsold":[57],"goods":[58],"resulting":[59],"insufficient":[61],"demand.":[62],"From":[63],"a":[64],"broader":[65],"perspective,":[66],"results":[68],"rentiers":[73],"their":[76],"returns.":[77],"Both":[78],"dimensions":[79],"relate":[82],"Fed":[85],"other":[87],"central":[88],"banks\u2019":[89],"address":[92],"problem":[94],"provisioning":[97,117],"through":[98],"wealth":[100],"effect.":[101],"The":[102],"ideas":[103],"Veblen":[105],"Keynes":[107,135],"provide":[108],"guidance":[109],"for":[110],"evaluating":[111],"policy":[112],"directed":[113],"at":[114],"enhancing":[115],"process.":[118],"Based":[119,133],"on":[120,134],"Veblen\u2019s":[121],"ideas,":[122,136],"policies":[123,137],"should":[124,138],"promote":[125],"life":[127],"not":[130],"conspicuous":[131],"consumption.":[132],"stimulate":[139],"demand,":[140],"profits":[142],"and,":[143],"in":[144],"turn,":[145],"creating":[146],"jobs.":[147]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}