Social Economics

Social Economics studies how economic activities and institutions affect societal well-being and human behavior. Within the framework of Institutional Economics, it emphasizes the role of social norms, laws, and organizations in shaping economic outcomes. It examines how these factors influence decisions, resource distribution, and the overall quality of life. Essentially, Social Economics looks at the intersection of economics, society, and ethics, highlighting that economic actions are deeply rooted in social contexts and institutions that govern human interactions.