ABSTRACT

Socio-economists should not act like shoemakers who have no time to make shoes for themselves. It is time to apply socio-economics to the condition and dynamics of socio-economics. This entails recognizing that a change in paradigms is not merely an intellectual and social-philosophical matter; paradigms have infrastructures that affect their dynamics. Pxesently, socio-economics lacks institutions to train socio-economists to serve both in the community at large (as managers instead of MBAs, as policy analysts instead of neoclassical economists, and so on), and as educators (in business and management schools as well as undergraduate and high school social science departments). Socio-economics has rapidly advanced many of the elements that are necessary for a grand-scale paradigm shift to occur. Now, to complete the transformation, educational practices and job structures must be modified.