If you are using material on this Web Page for professional or profitable purposes, you should give appropriate references. Social Economy Social economy is a field of study about how people produce, distribute, exchange, and use material resources to meet human needs, and in this process, generate a culture. From a sociological perspective, an economy is organized by symbolic interaction in the context of scarce resources. This field of inquiry is about how people deal with scarcity, establish institutions, and fulfill human values. Other perspectives on this subject include political economy, civil economy, and cultural economy.
Political economy is a study about the way power and authority develop in society.
The subject of power in the economy extends beyond institutional life. Civil economy is about the way people make a living, create social institutions, and find a common good in a political setting. It is about how people create a public commons in a private market, how people govern themselves in systems of exchange, and how people generate social standards in normative markets. It is about how people invent things to overcome scarcity, how people create hierarchies of oppression, and systems of justice and liberation in market systems. Theory includes postulating the relationship between opposing principles of an economy constructed in society.