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Empowerment is the degree of autonomy and self-determination in people and in communities. This enables them to represent their interests in a responsible and self-determined way, acting on their own authority. It is the process of becoming stronger and more confident, especially in controlling one's life and claiming one's rights.
Feminist economics is the critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis. [ 1 ] Feminist economic researchers include academics, activists, policy theorists, and practitioners. [ 1 ] Much feminist economic research focuses on topics that have been neglected in the field ...
Value theory is the systematic study of values.Also called axiology, it examines the nature, sources, and types of values.As a branch of philosophy, it has interdisciplinary applications in fields such as economics, sociology, anthropology, and psychology.
The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions.Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a country’s progress that considers living conditions, social relations ...
Participatory economics, often abbreviated Parecon, is an economic system based on participatory decision making as the primary economic mechanism for allocation in society. In the system, the say in decision-making is proportional to the impact on a person or group of people. Participatory economics is a form of a socialist decentralized ...
Regenerative economics is an economic system that works to regenerate capital assets. A capital asset is an asset that provides goods and/or services that are required for, or contribute to, our well-being. In standard economic theory, one can either “regenerate” one's capital assets or consume them until the point where the asset cannot ...
Which value theory holds true divides economic thinkers, and is the base for many socioeconomic and political beliefs. [9] Silvio Gesell denied value theory in economics. He thought that value theory is useless and prevents economics from becoming science and that a currency administration guided by value theory is doomed to sterility and ...
People-centered development is an approach to international development that focuses on improving local communities' self-reliance, social justice, and participatory decision-making. It recognizes that economic growth does not inherently contribute to human development [1][2] and calls for changes in social, political, and environmental values ...