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POLICY IMPLICATIONS OF SOCIO‐ECONOMICS *
Author(s) -
Etzioni Amitai
Publication year - 1990
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.1990.tb01054.x
Subject(s) - economics , macro , set (abstract data type) , politics , positive economics , policy analysis , power (physics) , key (lock) , public economics , neoclassical economics , political science , computer science , public administration , physics , quantum mechanics , law , programming language , computer security
Avariety of efforts are currently underway to develop alternatives to the neoclassical paradigm and neoclassical analysis of economic behavior. Here, the author seeks not to argue which approach is most productive, but to demonstrate the useful policy implications of adding key noneconomic (so‐ cial, psychological and political) variables to a paradigm that attempts to model economic behavior. This co‐deterministic paradigm is called socio‐ economics. The article discusses the different and often insightful policy analysis that results from employing a socio‐economic set of variables in four major areas: (1) allowing for shifting preferences; (2) including institu‐ tional contexts and influences within which individual transactions take place; (3) recognizing the effects of political as well as economic power differences; and (4) combining macro and structural policies.