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Preferred term

socioeconomics  

Definition

  • Although people have used the term socioeconomics for more than a century in many contexts, in 1997, law teachers agreed to a statement of its methodological principles, useful for addressing law-related economic issues. This appeared in the petition that established the Section on Socio-economics of the Association of American Law Schools, which more than 120 law teachers from over fifty American law schools signed.This statement is a definition of socioeconomics and an approach to economics that suspends several critical assumptions underlying neoclassical economics. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Socioeconomics]

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URI

https://concepts.sagepub.com/social-science/concept/socioeconomics

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