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... > social science subjects > social research > philosophy and the social sciences > philosophy and economics > heterodox economics > binary economics
social science subjects > economics > schools of economics > heterodox economics > binary economics
... > social science subjects > economics > economic concepts > schools of economics > heterodox economics > binary economics
... > social science subjects > criminology and criminal justice > criminology > law and society > law and economics > binary economics
... > social science subjects > politics and international relations > political science > law and courts > law and society > law and economics > binary economics
... > social science subjects > politics and international relations > political science > ideologies > libertarianism > libertarianism and policy > law and economics > binary economics
... > social science subjects > business and management > organization studies > organization studies encyc > approaches to organization theory > organizational economics > law and economics > binary economics
... > social science subjects > business and management > organization studies > organization studies encyc > organizational economics > law and economics > binary economics

Preferred term

binary economics  

Definition

  • Binary economics offers a conception of economics that is foundationally distinct from classical, neoclassical, Keynesian, and socialist economics, usually employed by government, private enterprise, eleemosynary institutions, and individuals to formulate and evaluate economic policy. Binary economics specifically offers a distinct explanation for the persistence of unutilized productive capacity, the persistence of poverty, and suboptimal growth. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Binary Economics]

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

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