There has never been a better time for the social fabric matrix. As this book is being published, the idea that unregulated market capitalism leads to the best of all possible worlds has been thoroughly discredited. A series of economic and social problems have come to the forefront of national discussion and policy debates. There is now widespread acceptance that human activity, particularly the consu- tion of nonrenewable energy resources, has contributed to global warming. The lack of oversight of the financial industry encouraged reckless practices that endangered the stability of the entire financial system, prompting bailout efforts based on the fragile interdependence of the financial and economic systems. The shortcomings of our health care system are increasingly evident, including the growing number of uninsured citizens, the difficulties for businesses in offering health insurance, and the effects of health and health care on the ability of individuals and families to maintain a decent standard of living. Perhaps the best illustration of a complex system that cries out for coordinated policy-making is in the critical area of energy, where public and private decisions on energy policy not only have direct effects on consumer costs, but also have effects on global warming, local ecosystems, int- national relations, the health of our citizens, and the sustainability of companies and communities. In short, there is growing recognition of the interdependence of the economic system with the environment and the broader institutions of society.

InhaltsangabeInstitutionalist Theory, Philosophy, and Methodology for Applied Research.- The Social Fabric Matrix Approach to Policy Analysis: An Introduction.- The Economy as an Open System: An Institutionalist Framework for Economic Development.- The Social Fabric Matrix, the Principles of Institutional Adjustment, and Individual Action.- The Normative Matrix of Social Costs: Linking Hayden's Social Fabric Matrix and Kapp's Theory of Social Costs.- Convergence of the Social Fabric Matrix and Complex Modeling.- Tackling 'Wicked' Problems Holistically With Institutionalist Policymaking.- Normative Analysis of Instituted Processes.- Applications of the Social Fabric Matrix Approach.- The Social Fabric Matrix Approach to Central Bank Operations: An Application to the Federal Reserve and the Recent Financial Crisis.- Microcredit and Reconstruction in Afghanistan: An Institutionalist Critique of Imported Development.- Utilization of the Social Fabric Matrix to Articulate a State System of Financial Aid for Public Schools and to Derive Conceptual Conclusions.- Application of the ithink ® System Dynamics Software Program to the Social Fabric Matrix to Analyze Public School Finance Systems.- Ceremonial Dimensions of Market-Based Pollution Control Instruments: The Clean Air Act and the Cap-and-Trade Model.- Service Access Rigidities in Rural Alaska.- Indian Agriculture in a Liberalized Landscape: The Interlocking of Science, Trade Liberalization, and State Policy.- Implementation of Analytical Devices and the Interactive Social Fabric Matrix Website.- Conclusion.- The Impact of the Social Fabric Matrix in Analysis and Policy Advice.

Introduction.- Part I.- The Economy as an Open Process.- On the Veblenian Dichotomy and the Theory of the Individual.- Anticipations of the Social Fabric Matrix Approach in Classical Political Economy.- Open Systems Approach, the Principle of Circular Causation of a Cumulative Process and the Social Fabric Matrix.- Reflections on an Institutionalist Methodology for Macroeconomics.- On Holistic Approach to Solving "Clusters" of Problems.- Normative Analysis of Institutional Process.- Part II.- Service Access and Rural Well-Being.- Ceremonial Dimensions of Market-Based Pollution Control Instruments.- The Social Fabric Matrix Approach to Central Bank Operations.- Elements of Social Fabric Matrix and the Case of Public Schooling.- Using the Social Fabric Matrix to Analyze Public School Finance Systems.- Agrarian Systems and Processes of Change.- Institutional Analysis and Microfinance in Rural Afghanistan.- Part III.- The Implementation of the Analytical Devices and the Interactive Social Fabric Matrix Website.- Convergence of the Social Fabric Matrix and Complex Modelling.- The Impact of the Social Fabric Matrix in Analysis and Policy Advice