Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: Socio-economics: the Approach of Social Systems Theory in a Forty Year Perspective
Issue: Vol. 10, No 2, 2017
Published date: 06-2017 (print) / 06-2017 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Tom R. Burns
Uppsala University

Philippe DeVillé
Université Catholique De Louvain
Keywords: actor-system dynamics, socio-economics, capitalism, economic inequality, conflict and instability
DOI: 10.14254/2071-789X.2017/10-2/1
Index PUBMS: ec62ddaa-004a-11e8-94c4-fa163e5d4f72
Language: English
Pages: 11-20 (10)
JEL classification: A13, D63

This article presents a social systems theoretical approach to the field of socio-economics. Drawing on actor-system dynamics, a social systems theory, developed in the 1970s, we report on how it has been applied to socio-economic questions and analyses in a series of reports and publications for the past 40+ years. Among the problems discussed are: (1) The discontents and conflicts of capitalism. (2) Economic inequality, uneven socio-economic development, conflict and instability. (3) The limits of orthodox economic theories and policies in the face of recurrent economic crises and instabilities. Introduction of the paper briefly outlines the social systems theory, actor-system dynamics (ASD). Part I discusses the continued relevance of the systems approach, possibly even more so as systemic failures have occurred in the post-Keynesian world. In Part II, we consider what next for social systems analysis and its application to socio-economic problems.


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