Social Economics

AAA

DEFINITION of 'Social Economics'

A branch of economics that focuses on the relationship between social behavior and economics. Social economics examines how social norms, ethics and other social philosophies that influence consumer behavior shape an economy, and uses history, politics and other social sciences to examine potential results from changes to society or the economy.




INVESTOPEDIA EXPLAINS 'Social Economics'

Social economic theories do not move in lockstep with those of orthodox schools of economics, which often make the assumption that actors are self-interested and can rationally make decisions. It often takes into account subject matter outside of what mainstream economics focuses on, including the effect of the environment and ecology on consumption and wealth.

RELATED TERMS
  1. Social Networking

    The use of internet-based social media programs to make connections ...
  2. Gunnar Myrdal

    A Swedish economist, sociologist and politician who won the 1974 ...
  3. Economics

    A social science that studies how individuals, governments, firms ...
  4. Classical Economics

    Classical economics refers to work done by a group of economists ...
  5. Homo Economicus

    A term that describes the rational human being assumed by some ...
  6. Wealth

    A measure of the value of all of the assets of worth owned by ...
Related Articles
  1. Clean Or Green Technology Investing
    Investing

    Clean Or Green Technology Investing

  2. The Difference Between Finance And Economics
    Fundamental Analysis

    The Difference Between Finance And Economics

  3. What Does It Mean To Be Green?
    Economics

    What Does It Mean To Be Green?

  4. For Companies, Green Is The New Black
    Fundamental Analysis

    For Companies, Green Is The New Black

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center