ZDRAVKA TODOROVA
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Research and Publications
https://orcid.org/ 0000-0003-3588-6756                                                                                                  
ResearchGate

My research examines consumption, business cycles and macroeconomic policy, money and feminist political economy, care and institutions of social stratification, and the writings of Thorstein Veblen. I study diverse economic relationships, such as gift, reciprocity, debt, and obligation—and analyze current economic challenges as embedded within broader social and ecological systems.

A central aim of my work is to connect areas and approaches often treated as separate. Rather than relying on rigid divisions within economics, I develop integrative frameworks that better reflect real-world complexity. In doing this, I: 1) analyze micro–macro linkages; 2) build conceptual bridges across theoretical traditions; and 3) advance non-dualistic approaches to understanding social processes, institutions, and living systems.

Books
  • Advancing Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, (co-edited with Tae-Hee Jo) for Routledge’s Advances in Heterodox Economics (2015)
  • Money and Households in a Capitalist Economy: a Gendered Post Keynesian-Institutional Analysis, Edward Elgar (2009). Outstanding Academic Title for 2010 by Choice: Current Reviews for Academic Libraries.
Articles
  • “The Processes, Provisioning, and Hierarchies of Households.” 2025. Routledge Handbook of Heterodox Economics, 2nd edition, edited by Tae-Hee Jo, Lynne Chester, and Carlo D’Ippoliti. London and New York: Routledge. https://doi.org/10.4324/9781003687078
  • Co-authored with Tae-Hee Jo and Zdravka Todorova.  “The Social Provisioning Process.” 2025. Routledge Handbook of Heterodox Economics, 2nd edition, edited by Tae-Hee Jo, Lynne Chester, and Carlo D’Ippoliti. London and New York: Routledge. https://doi.org/10.4324/9781003687078
  • A Job Guarantee: Student Ideas - co-authored with Shannon Parisi, Patrick Lockhart, Brad Kerry, Jeremy A. Ocampo, Divya Sharma, James Curlis, and Tristan Walters, International Journal of Pluralism and Economics Education, Jan 2025, pp. 104-124 https://doi.org/10.1504/IJPEE.2024.144145
  • “Hazel Kyrk’s A Theory of Consumption, Veblen’s Business and Industrial Concerns, and W.C. Mitchell’s Essays on Spending and Money: Conceptual Links,” Research in History of Economic Thought and Methodology, Symposium: 100 years after the publication of "A Theory of Consumption” by Hazel Kyrk (1923). Volume 41D, 2024.
  • "Social Processes of Oppression in the Stratified Economy and Veblenian Feminist post Keynesian Connections," Journal of Post Keynesian Economics, 47 (1): 25-54, 2024.
  • “Institutional Theory, Socialization of Investment, and Care-Based Full Employment for Equity and Human Development” Journal of Economic Issues (56) 2: 482-491, 2022.
  • with Kalpana Khanal, “Land, International Mobile Labor, Remittances, and Provisioning” Journal of Economic Issues (56) 2: 475-481, 2022.
  • with Kalpana Khanal, “Remittances and Households within Neoliberalism: A Triple Movement” Journal of Economic Issues (55) 2: 2021 (461-468), 2021.
  • with Kalpana Khanal, “Remittances and Households in the Age of Neoliberal Uncertainty” Journal of Economic Issues (53) 2: 515-522, 2019.
  • “Households in Heterodox Economic Theory.” In The Routledge Handbook of Heterodox Economics, edited by T-H. Jo, L. Chester, and C. D’lppoliti. New York: Routledge, 2018 (188-198)
  • with Tae-Hee Jo. “Social Provisioning Process: A Heterodox View of the Economy,” In The Routledge Handbook of Heterodox Economics, edited by T-H. Jo, L. Chester, and C. D’lppoliti. New York: Routledge,  2018 (29-40)
  • “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)
  •  with Tae-Hee Jo. “Frederic S. Lee’s Contribution to Heterodox Economics.” In Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, edited by Tae-Hee Jo and Zdravka Todorova. London: Routledge, 2015 (1-18); Reprinted as: “Las contribuciones de Frederic S. Lee a la economía heterodoxa,” Revista de Economía Crítica, 19, primer semestre 2015 (215-230)
  • “Consumption in the Context of Social Provisioning and Capitalism: beyond Consumer Choice and Aggregates.” In Advancing the Frontiers of Heterodox Economics: Essays in Honor of Frederic S. Lee, eds. Tae-Hee Jo and Zdravka Todorova. London: Routledge, 2015 (230-248)
  • “Towards a Conceptualization of a Debt-Credit Social Process,” a review article in the symposium on Debt to Society by Miranda Joseph, Journal of Cultural Economy, 9 (6): 617-621, 2016
  •  with Laura Cardwell. “Evolution of U.S. Household Agency over Stages of Capitalism” Journal of Economic Issues, 50 (2): 542-548, 2016
  • “Social Provisioning within a Culture-Nature Life-Process,” Review of Political Economy 27 (3) 390-409, 2015
  •  “Economic and Social Class in Theorizing Unpaid Household Activities Under Capitalism,” Journal of Economic Issues 49 (2): 425—433, 2015
  •  “Consumption as a Social Process,” Journal of Economic Issues 48 (3): 663-79, 2014
  • with Barbara Hopkins. “Gender Dimensions of the US Consumer Borrowing Expansion,” Journal of Economic Issues 48 (2): 501-506, 2014
  • “Conspicuous Consumption as Routine Expenditures and its Role in Social Provisioning.” American Journal of Economics and Sociology 72 (5): 1183 – 1204, 2013. Reprinted in: Social Costs of Markets and Economic Theory, edited by Frederic S. Lee, 2013, Wiley: Chichester, UK
  •  “Connecting Social Provisioning and Functional Finance in a Post Keynesian – Institutional Analysis of the Public Sector” European Journal of Economics and Economic Policies: Intervention 10 (1): 2013 61-75
  • “Inequality-led Financial Instability: A Minskian Structural Analysis of the Subprime Crisis,” co-authored with Luisa Fernandez and Fadhel Kaboub, International Journal of Political Economy 39 (1): 3-27, 2010. [A different version available at the Levy Economics Institute, 2008]
  • “What Makes a Bailout Acceptable?” Journal of Economic Issues 43 (2): 319-326, 2009
  •  “Deficits and Institutional Theorizing about Households and the State,” Journal of Economic Issues 41 (2): 575-582, 2007
  • “Habits of Thought, Agency, and Transformation: An Institutional Approach to Ecological Economics,” Feminist Economics 11 (3): 126-132, 2005.
  • "HIV/AIDS in Heavily Indebted Poor Countries and Global Finance," Oeconomicus, Vol. VI, Winter, 2003.
  • "Instrumental and Ceremonial Aspects of Consumer Behavior among Women in the USA", Oeconomicus, Vol. IV, Fall 2000.
 
Working Papers
  • “Hazel Kyrk’s A Theory of Consumption, Veblen’s Business and Industrial Concerns, and W.C. Mitchell’s Essays on Spending and Money: Conceptual Links” (2023) ResearchGate
  • "Social Processes of Oppression in the Stratified Economy and Veblenian Feminist post Keynesian Connections,"  Post Keynesian Economics Society, Working Paper # 2311 (2023).
  • "Care, Job Guarantee, and Revisiting 'Socialization of Investment': Insights from Institutional Economics" (2022).
  • "A Veblenian Feminist Articulation of Monetary Theory of Production" (2015).
  • "From Monetary Theory of Production to Culture-Nature Life Process: Feminist-Istitutional Elaborations of Social Provisioning" (2014)
  • "Consumption as a Social Process within Capitalism and Social Provisioning: Implications for Heterodox Economics" (2013)
  • "Minskyan and Feminist Analysis of Financial Instability and Social Provisioning" (2010)
  • "Employer of Last Resort and Feminist Economics: Socialization of Investment and Social Provisioning" (2009)
  • with Fadhel Kaboub and Maria Louisa Fernandez. "On Democratizing Financial Turmoil: A Minskian Analysis of the Sub-Prime Crisis," Levy Economics Institute, Working Paper # 548 (2008).
  • "Toward a Feminist Post Keynesian Approach to Monetary Production and Social Provisioning" (2005). Figure 1 & Figure 2
  • "Incorporating Gender in Keynes’s Theory of Monetary Production: An Institutionalist Perspective" (2005). Handout
  • Theorizing about Agency, Gender and Environment in the Context of Monetary Production and Living Systems (2004)
Media Publications
  • “Budget Categories”,  https://wallethub.com/edu/b/budget-categories/144143#expert=Zdravka_Todorova (comments published on 03-19-25, WalletHub)
  • “Current Inflation,”  WalletHub: https://wallethub.com/edu/cities-inflation/107537#expert=Zdravka_Todorova (comments published on 03-12-24, WalletHub)
  • “Why Gender Matters in Macroeconomics?” New Deal 2.0 blog, Huffington Post, and The Brecht Forum (Dec. 29, 2009)
  • “How will you use your tax refund? If you receive one…” (Kansas City Aurora, 04-19-04)
  • “What is Money, and Where Does it Come From?” (Kansas City Aurora, 03-29-04)
  • "Community Economists in Action" (Kansas City Aurora, 03-29-04)
  • “Consumer Advocacy or Financial Industry Interests?” (Kansas City Aurora, 03-15-04)
  •  “8 of March – Sell or Forget!” (Kansas City Aurora, 03-08-04)
  • “Consumers Have High Hopes and Low Net-worth for the New Year” (Kansas City Aurora, 12-29-03)
  • "Where did the Tax Cut Refund Checks Go? (Kansas City Aurora” (12-22-2003)
  • “Consumer Confidence or Wishful Thinking?” (Kansas City Aurora, 12-01-2003)
  •  “Black Friday's Consumer Spending and Debt Intentions” (Kansas City Aurora, 12-01-2003)
  • “Who is Going Broke – Uncle Sam or You?” (Kansas City Aurora, 11-17-2003)
  •  “How do Firms and the Economy Benefit from Parents:  Parenthood as a Part of the Production Process” (Kansas City Aurora, 11-10-2003)
  • “Myths and Misconceptions About the UN” (Kansas City Aurora, 10-20-2003).

Book Reviews in Refereed Journals
  • The Deficit Myth by Stephanie Kelton, International Journal of Pluralism and Economics Education, 12 (3&4): 322-339.
  • Economics and Diversity, by Carlo D’Ippoliti, Routledge, 2011, Review of Political Economy 26 (3): 474 - 475, 2014
  • The Price of Truth: Gift, Money, and Philosophy, by Marcel Hénaff, translated by Jean-Louis Morhange, Stanford, CA: Stanford University Press, 2010, Review of Social Economy 71 (1): 127-30, 2013
  • The Future of Money: From Financial Crisis to Public Resource, by Mary Mellor, Pluto Press, 2010, Review of Radical Political Economics, 45 (1): 107 – 109, 2013
  • Inequality, Consumer Credit and the Saving Puzzle, by Christopher Brown, Edward Elgar 2008, Eastern Economic Journal 37 (2): 303-304, 2011
  • The Industrious Revolution: Consumer Behavior and the Household Economy, 1650 to the Present, by Jan de Vries, 2008. Eastern Economic Journal 36 (4): 543-45, 2010
  • Matrilineal Communities, Patriarchal Realities: A Feminist Nirvana by Kanchana Ruwanpura, University of Michigan Press, 2006. Review of Radical Political Economics 41 (3): 403-406, 2009
  • Gender, Development, and Globalization: Economics as if All People Mattered, by Lourdes Beneria. Rutledge: NY and London, 2003, Review of Political Economy 18 (1): 129 – 131, 2006.
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