Economic and Social Sciences: Building Bridges for Just and Effective Policies
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https://orcid.org/0000-0003-4600-7315
Abstract
This research examines the importance of bridging the gap between economics and social sciences to better understand contemporary economic phenomena. Economics, which emerged in the eighteenth century focusing on capitalist laws, methodological individualism, and self-interest as primary drivers of economic behavior, has been criticized for unrealistic assumptions about individual rationality and complete markets, often neglecting social factors and uncertainty. Given the significant social and economic changes, it is crucial for economics to move beyond abstract models and incorporate insights from sociology to study the institutional and cultural factors that influence individual and group behavior. This interdisciplinary approach enhances public policy development that addresses contemporary challenges and promotes social justice through a deeper understanding of the social factors shaping economic decisions. The research aims to achieve three objectives: exploring the impact of social relationships on economic policies and addressing social gaps, analyzing the adequacy of current economic theories in addressing social justice issues and proposing new models, and emphasizing social justice in creating inclusive economic policies for sustainable development. It illustrates how bridging economics with social sciences leads to more effective and just policies that reflect social realities and foster sustainable development rooted in justice and equality.
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EconomicsSociologySocial JusticeBridgingEconomic Policy
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