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Socio-management and heterodox economics: a new socially valuable direction for economic education

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  • Jerry Hallier
  • Roger Sugden

Abstract

Stimulated by reaction to the first worldwide economic crisis of the 21st century, debate has begun on making the activities and outputs of business and management schools more critical, including the recognition of wider social interests. This debate has implications for economic education. We address these issues by positioning heterodox economics as a pivotal contributor to the development of a new field, socio-management, intended to examine rigorously the effects and responsibilities of managing social and social economic activity. We argue that however critical mainstream business and management subjects become - including contributions from economics - socio-management is needed if important aspects of the social impact of organisations are not to be missed or neglected. In turn, the development of socio-management necessitates the creation of both a body of economic knowledge that is more socially valuable, and innovations in economic education as practiced in business and management schools.

Suggested Citation

  • Jerry Hallier & Roger Sugden, 2012. "Socio-management and heterodox economics: a new socially valuable direction for economic education," International Journal of Pluralism and Economics Education, Inderscience Enterprises Ltd, vol. 3(4), pages 450-464.
    • Handle: RePEc:ids:ijplur:v:3:y:2012:i:4:p:450-464
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    Cited by:

    1. Roger Sugden, 2019. "Management Education in a Public University in the Economic Periphery: Reflections in Action on UBC in Interior British Columbia," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 8(2), pages 1-26.

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