The Family as a Socioeconomic Management System
The family is a social miniscule in every culture. It is a central theme of gender-development issue. As such it has a distinct and abiding effect on the nature of the socioeconomic order in terms of preference formation relating to the kinds of artifacts that get exchanged and thus play a key role...
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| Format: | Article |
| Language: | English |
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UUM Press
2011-06-01
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| Series: | International Journal of Management Studies |
| Subjects: | |
| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/10202 |
| _version_ | 1797943145979183104 |
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| author | Masudul Alam Choudhury |
| author_facet | Masudul Alam Choudhury |
| author_sort | Masudul Alam Choudhury |
| collection | DOAJ |
| description | The family is a social miniscule in every culture. It is a central theme of gender-development issue. As such it has a distinct and abiding effect on the nature of the socioeconomic order in terms of preference formation relating to the kinds of artifacts that get exchanged and thus play a key role in socioeconomic development. The totality of these issues comprises the study of the family as a socioeconomic management system. The intergenerational interaction and co-evolution of the family in concert with the social complex is differently explainable in neoclassical economic and Islamic contexts. Consequently, the triangular circular interrelationships between the individual, the household and the socioeconomic order leave different effects in the above two paradigms. These in turn have profound influence on the future of socioeconomic development according to these paradigms. This paper formalizes an interrelationship between the inter-generational family and the socioeconomic order using the concept of circular causation of unity of knowledge in Islam and the methodological individualism in neoclassical economic theory. The inter temporal context of the theme is included with family extensions and their socioeconomic effects over populations of grandfathers and grandchildren.
Keywords: Microeconomics of family, socioeconomic management system, inter-generational endogenous preferences, culture and political economy. |
| first_indexed | 2024-04-10T20:19:40Z |
| format | Article |
| id | doaj.art-2cc69c3eb41e4dc49d15f0541c691202 |
| institution | Directory Open Access Journal |
| issn | 2232-1608 2180-2467 |
| language | English |
| last_indexed | 2024-04-10T20:19:40Z |
| publishDate | 2011-06-01 |
| publisher | UUM Press |
| record_format | Article |
| series | International Journal of Management Studies |
| spelling | doaj.art-2cc69c3eb41e4dc49d15f0541c6912022023-01-26T03:12:57ZengUUM PressInternational Journal of Management Studies2232-16082180-24672011-06-01181The Family as a Socioeconomic Management SystemMasudul Alam Choudhury0College of Commerce and Economics Sultan Qaboos University, Muscat Sultanate of OmanThe family is a social miniscule in every culture. It is a central theme of gender-development issue. As such it has a distinct and abiding effect on the nature of the socioeconomic order in terms of preference formation relating to the kinds of artifacts that get exchanged and thus play a key role in socioeconomic development. The totality of these issues comprises the study of the family as a socioeconomic management system. The intergenerational interaction and co-evolution of the family in concert with the social complex is differently explainable in neoclassical economic and Islamic contexts. Consequently, the triangular circular interrelationships between the individual, the household and the socioeconomic order leave different effects in the above two paradigms. These in turn have profound influence on the future of socioeconomic development according to these paradigms. This paper formalizes an interrelationship between the inter-generational family and the socioeconomic order using the concept of circular causation of unity of knowledge in Islam and the methodological individualism in neoclassical economic theory. The inter temporal context of the theme is included with family extensions and their socioeconomic effects over populations of grandfathers and grandchildren. Keywords: Microeconomics of family, socioeconomic management system, inter-generational endogenous preferences, culture and political economy.https://e-journal.uum.edu.my/index.php/ijms/article/view/10202Microeconomics of familysocioeconomic management systeminter-generational endogenous preferencesculture and political economy |
| spellingShingle | Masudul Alam Choudhury The Family as a Socioeconomic Management System International Journal of Management Studies Microeconomics of family socioeconomic management system inter-generational endogenous preferences culture and political economy |
| title | The Family as a Socioeconomic Management System |
| title_full | The Family as a Socioeconomic Management System |
| title_fullStr | The Family as a Socioeconomic Management System |
| title_full_unstemmed | The Family as a Socioeconomic Management System |
| title_short | The Family as a Socioeconomic Management System |
| title_sort | family as a socioeconomic management system |
| topic | Microeconomics of family socioeconomic management system inter-generational endogenous preferences culture and political economy |
| url | https://e-journal.uum.edu.my/index.php/ijms/article/view/10202 |
| work_keys_str_mv | AT masudulalamchoudhury thefamilyasasocioeconomicmanagementsystem AT masudulalamchoudhury familyasasocioeconomicmanagementsystem |