The Importance Of Sociological Perspectives In Crafting Inclusive Economic Solutions For All

Constantinos Challoumis

MPRA Paper from University Library of Munich, Germany

Abstract: Traditional economic theories usually assume that people are rational agents maximizing their benefit in decisions. This assumption, however, simplifies the reality of economic behavior by neglecting social embeddedness of individuals. Real economy consists not only of market-mediated transactions, but also everyday asks, duties, unremunerated help, and behavior patterns in many organizations that, formally speaking, are not or only partially included into the economic sphere.

Keywords: Sociological aspects; economic solutions (search for similar items in EconPapers)
JEL-codes: Z0 Z1 (search for similar items in EconPapers)
Date: 2025-01-13
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