A distinct supplemental usage describes social economics as "a discipline studying the reciprocal relationship between economic science on the one hand and
multidisciplinary methods from such fields as sociology, history, and political science.[5] In criticizing mainstream economics for its alleged faulty philosophical premises (for example the pursuit of self-interest) and neglect of dysfunctional economic relationships, such advocates tend to classify social economics as heterodox.[6]
Factors of environmental change
The socioeconomic system at the regional level refers to the way social and economic factors influence one another in local communities and households. These systems have a significant impact on the environment through deforestation, pollution, natural disasters, and energy production and use. Through telecoupled systems, these interactions can lead to global impact. Local economies, food insecurity, and environmental hazards are all negative effects that are a direct outcome of socioeconomic systems.
Deforestation
Deforestation is a major cause of
soil degradation
often takes place and leads to further issues like declining crop yields, which can contribute to food insecurity and contraction in the economy.
Due to deforestation, animals often lose their habitats and vegetation is significantly decreased. Habitat loss is common when deforestation happens because not only are the trees being cut down, but the land trees previously inhabited suffer extreme soil erosion due to lack of protection from the tree coverage.[8] Animals' struggle to survive is further hindered due to high temperatures in places where tree coverage is lost.[9] Local community economies are affected by this because they depend on these resources to drive their local markets and feed their families. Modern medicine is also affected by deforestation because several medicines are derived from plants found in these areas. Loss of these resources means a loss of income to local communities who depend on these natural resources for profit. This can have a global effect by creating shortages of some medicines worldwide.
Pollution
Ocean pollution has massively affected small fishing communities around the world. When the ocean water gets polluted, it has a range of effects on ocean life. Fish absorb mercury from coal mining and fossil fuel burning which makes them toxic to eat. Food insecurity is a socioeconomic impact of toxic marine life because small coastal communities depend on fishing to drive their local markets.[10]
Big companies produce this pollution as a spillover system, which affects the fish, which then affects the surrounding communities.
Natural disasters
Natural disasters are becoming more severe as the environment is shifting. In the Western hemisphere, landslides are becoming more prevalent and severe [
habitat loss for animals, home loss for humans, and complete destruction of industrial establishments. This can affect local economies just as any other natural disaster because it disrupts the entire flow of communities. They can be divided into private and public, for example, a highway being demolished by a landslide would be considered a public cost. A local farm that lost all of its crops due to a landslide would be considered a private cost. Urbanization and deforestation are primarily responsible for the increasing number of landslides in small communities.[12]
Households
Another socioeconomic factor is the change in the household family. The nuclear family is traditionally two parents and their children living under the same roof. In the past, households frequently inhibited extended family members such as grandparents. With the shift in the number of people under one roof, there has been an increase in direct energy consumption.[13] Fewer people per household means more households. People are shifting towards single-person households as our societal norms evolve. More households mean more energy being used to do things like heat the house, power more TVs, and use more lights. It also means more geographical land space being taken up by people which can lead to further urbanization of rural communities. This has been a shift in communities across the globe.
Conclusion
Deforestation, natural disasters, pollution, and energy consumption explicitly exhibit how human and natural systems are integrated systems. They are influenced by government policies and contextual factors which often have a more negative impact on the environment.[14] Human interactions with the environment create a domino effect. These socioeconomic systems are all interconnected and produce effects from the local level, all the way up to the global level.
^• 'Relation of Economics to Social Values' is the corresponding title of JEL: A13 in the Journal of Economic Literature classification codes. • Jess Benhabib, Alberto Bisin, and Matthew Jackson, ed., 2011. Handbook of Social Economics, Elsevier: Vol. 1A: Part 1. Social Preferences, ch. 1-11; Part 2. Social Actions, ch. 12-17. Description & Contents links and chapter-preview links. Vol. 1B: Part 3. Peer and Neighborhood Effects, ch. 18-25. Description & Contents links and chapter-preview links
^• Mark A. Lutz, 2009. "Social economics," in Jan Peil and Irene van Staveren, ed., Handbook of Economics and Ethics, p. 516. [Pp. 516-22.] Edward Elgar Publishing. • _____, 1999. Economics for the Common Good: Two Centuries of Social Economic Thought in the Humanist Tradition, Routledge. Preview.
^• Edward O'Boyle, ed., 1996. Social Economics: Premises, Findings and Policies, pp. ii and ix. • Tony Lawson, 2006. "The Nature of Heterodox Economics," Cambridge Journal of Economics, 30(4), pp. 483-505. Alternate access copy (press +). • Frederic S. Lee, 2008. "heterodox economics," The New Palgrave Dictionary of Economics, 2nd Ed., v.4, pp. 1–6. Abstract.
Gustav Cassel, [1931] 1932. The Theory of Social Economy. Reprinted 1967, Augustus M. Kelley. From the Mises Institute, select among sections (press +).
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