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.
“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". 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. In the latter, it studies the relation of economics to social values.
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 or as also emphasizing multidisciplinary methods from such fields as sociology, history, and political science. 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.
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- • 'Relation of Economics to Social Values' is the corresponding title of JEL: A13 in the Journal of Economic Literature classification codes.
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Vol. 1B: Part 3. Peer and Neighborhood Effects, ch. 18-25. Description & Contents links and chapter-preview links
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• Tony Lawson, 2006. "The Nature of Heterodox Economics," Cambridge Journal of Economics, 30(4), pp. 483-505. Alternate access copy (press +).
• Frederic S. Lee, 2008. "heterodox economics," The New Palgrave Dictionary of Economics, 2nd Ed., v.4, pp. 1–6. Abstract.
- Gustav Cassel,  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.
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- Friedrich von Wieser,  1928. Social Economics. Foreword by Wesley C. Mitchell. Reprint 2003, Routledge. Scroll to chapter-preview links links.
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