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. Homo Economicus

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

    A measure of the value of all of the assets of worth owned by ...
  5. Hedonic Treadmill

    The tendency of a person to remain at a relatively stable level ...
  6. Economics

    A social science that studies how individuals, governments, firms ...
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

Hot Definitions
  1. Return On Sales - ROS

    A ratio widely used to evaluate a company's operational efficiency. ROS is also known as a firm's "operating profit margin". ...
  2. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  3. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  4. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  5. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  6. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
Trading Center