Socioeconomics (also known as social economics) is the social science that studies how economic activity affects and is shaped by social processes. In general it analyzes how societies progress, stagnate, or regress because of their local or regional economy, or the global economy. Societies are divided into 3 groups: social, cultural and economic.
Overview
"Socioeconomics" is sometimes used as an umbrella term for various areas of inquiry. The term "social economics" may refer broadly to the "use of economics in the study of society".[1] More narrowly, contemporary practice considers behavioral interactions of individuals and groups through social capital and social "markets" (not excluding, for example, sorting by marriage) and the formation of social norms.[2] In the latter, it studies the relation of economics to social values.[3]
A distinct supplemental usage describes social economics as "a discipline studying the reciprocal relationship between economic science on the one hand and social philosophy, ethics, and human dignity on the other" toward social reconstruction and improvement[4] or as also emphasizing multidisciplinary methods from such fields as sociology, history, and political science.[5] In criticizing mainstream economics for its alleged faulty philosophical premises (for example the pursuit of self-interest) and neglect of dysfunctional economic relationships, such advocates tend to classify social economics as heterodox.[6]
See also
- Amitai Etzioni
- Behavioral economics
- Economic development
- Economic imperialism (economics)
- Economic sociology
- Gary Becker
- Gender-related Development Index
- Genuine Progress Indicator
- Gross domestic product
- Gross national happiness
- Happy Planet Index
- Historical materialism
- Household income in the United States
- Human Development Index
- Human Poverty Index
- Income inequality metrics
- Index of Economic Freedom
- Index of Sustainable Economic Welfare
- Industrial Revolution
- Jose Perez Adan
- Legatum Prosperity Index
- List of countries by income equality
- Marek Belka
- Political economy
- Social class
- Socionomics
- Sustainable Human Development Index
Notes
- ^ John Eatwell, Murray Milgate, and Peter Newman, [1987] 1989. Social Economics: The New Palgrave, p. xii. Topic-preview links, pp. v-vi.
- ^ o Becker, Gary S. (November-December 1974). "A theory of social interactions" (PDF). Journal of Political Economy. Chicago Journals. 82 (6): 1063-1093. doi:10.1086/260265. JSTOR 1830662.Pdf.
o _____ and Kevin M. Murphy, 2001, Social Economics: Market Behavior in a Social Environment. Description and table of contents. Harvard University Press.
o Mariano Tommasi and Kathryn Ierulli, ed., 1995. The New Economics of Human Behavior, Cambridge. Description and preview.
o Steven N. Durlauf and H. Peyton Young 2001. "The New Social Economics" in Social Dynamics, ch. 1, pp. 1-14. Preview. MIT Press.
o Steven N. Durlauf and Lawrence E. Blume, 2008. The New Palgrave Dictionary of Economics, 2nd Edition:- "social interactions (empirics)" by Yannis M. Ioannides. Abstract.
- "social interactions (theory)" by José A. Scheinkman. Abstract.
- ^ o 'Relation of Economics to Social Values' is the corresponding title of JEL: A13 in the Journal of Economic Literature classification codes.
o Jess Benhabib, Alberto Bisin, and Matthew Jackson, ed., 2011. Handbook of Social Economics, Elsevier:
Vol. 1A: Part 1. Social Preferences, ch. 1-11; Part 2. Social Actions, ch. 12-17. Description & Contents links and chapter-preview links.
Vol. 1B: Part 3. Peer and Neighborhood Effects, ch. 18-25. Description & Contents links and chapter-preview links - ^ o Mark A. Lutz, 2009. "Social economics," in Jan Peil and Irene van Staveren, ed., Handbook of Economics and Ethics, p. 516. [Pp. 516-22.] Edward Elgar Publishing.
o _____, 1999. Economics for the Common Good: Two Centuries of Social Economic Thought in the Humanist Tradition, Routledge. Preview. - ^ o Davis, John B.; Dolfsma, Wilfred (2008), "Social economics: an introduction and a view of the field", in Davis, John B.; Dolfsma, Wilfred (eds.), The Elgar companion to social economics, Cheltenham, UK Northampton, Massachusetts: Edward Elgar, pp. 1-7, ISBN 9781848442771.Preview. Description.
o International Journal of Social Economics. Description.
o Socio-Economic Review. - ^ o Edward O'Boyle, ed., 1996. Social Economics: Premises, Findings and Policies, pp. ii and ix.
o Tony Lawson, 2006. "The Nature of Heterodox Economics," Cambridge Journal of Economics, 30(4), pp. 483-505. Alternate access copy (press +).
o Frederic S. Lee, 2008. "heterodox economics," The New Palgrave Dictionary of Economics, 2nd Ed., v.4, pp. 1-6. Abstract.
References
- Gustav Cassel, [1931] 1932. The Theory of Social Economy. Reprinted 1967, Augustus M. Kelley. From the Mises Institute, select among sections (press +).
- Hellmich, Simon N. (2015) What is Socioeconomics? An Overview of Theories, Methods, and Themes in the Field, Forum for Social Economics 44 (1), 1-23.
- Pokrovskii, Vladimir N. (2011) Econodynamics. The Theory of Social Production, Springer, Berlin.
- Max Weber, 1922. Economy and Society, 2 v. Description and scroll to chapter-preview links.
- Friedrich von Wieser, [1924] 1928. Social Economics. Foreword by Wesley C. Mitchell. Reprint 2003, Routledge. Scroll to chapter-preview links links.
External links
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