The Theory of Social Economics

The Theory of Social Economics explores how economic activity and policies are influenced by societal factors like culture, values, and social norms. It emphasizes that economic decisions and outcomes are interconnected with social relationships and collective well-being, not just individual interests. This approach suggests that fostering social cohesion, equality, and community support can improve economic stability and growth. Essentially, it views economics as embedded in the social fabric, advocating for policies that balance economic efficiency with social justice to benefit society as a whole.