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Parsons' Marshall Lectures were an important and still are a relevant contribution to the critique of the utilitarian, rationalist, radically individualist paradigm which still dominates scholarship, especially economics, today. Parsons advised economists to stop ignoring the broader societal context of which the economy is only a sub‐system; economic actors are not impersonal, fully independent individuals but should be viewed as people with internalized moral and social values, values which cannot be accounted for as mere external, environmental constraints. Parsons, however, paid little attention to the role of power in the market. Socio‐economics incorporates issues addressed in the Marshall Lectures, treats the leverage of interventionist power (large corporations and labor unions) as significant, and seeks to grow as a coherent alternative to the neoclassical paradigm.

The study was to determine the socio-economics of catfish husbandry in Chikun local government of Kaduna State Nigeria. A Sample of 80 respondents was selected for the study through simple random sampling technique and data were collected from them with the use of structured questionnaire. Analysis of the data was done using descriptive statistics gross margin and net farm income analysis and profitability ratios. The study findings show that most of the The data obtained were analyzed using simple descriptive statistical tools such as the percentage and frequency table averages also the gross margin analysis and farm net income was used. The result showed that most of the catfish farmers are within the age range of 36.55 years it also shows that 75 of the farmers are males and 25 are female 90 of the respondents are married. All the respondents are educated with majority having tertiary education level. Considering the socio-cultural feasibility factors the 88 of the respondents admitted that the level of social acceptability is high 9 said that the level of social acceptability is low. Considering cultural compatibility 98 of the respondents said that the practise is compatible with their culture. In terms of job satisfaction 90 of the respondents admitted that the level of satisfaction is high. About 68 of the respondents considers the level of group formation to be low 30 and the level of group formation is medium. 22.5 of the respondents admitted that the practice is quite interesting and are practicing it for pleasure. It was also discovered from the result of this study that about 41 of the respondents practice full-time catfish farming hwile about 58 carry out part-time catfish farming along side with other economic activities. Also majority of the farmers in the study area had years of experience in catfish husbandry ranging from 1-5years. Expressing their perception on the market performance of catfish about 79 of the responents said the market is excellent and this is due to the hihg level of demand ...

Avariety of efforts are currently underway to develop alternatives to the neoclassical paradigm and neoclassical analysis of economic behavior. Here, the author seeks not to argue which approach is most productive, but to demonstrate the useful policy implications of adding key noneconomic (so‐ cial, psychological and political) variables to a paradigm that attempts to model economic behavior. This co‐deterministic paradigm is called socio‐ economics. The article discusses the different and often insightful policy analysis that results from employing a socio‐economic set of variables in four major areas: (1) allowing for shifting preferences; (2) including institu‐ tional contexts and influences within which individual transactions take place; (3) recognizing the effects of political as well as economic power differences; and (4) combining macro and structural policies.

Responds to Amitai Etzioni's (2003) opening essay in a critical forum, recommending a new socioeconomics discipline. Such a suggestion is, however, not especially novel. The proposal is critiqued in terms of the rational/nonrational implications of the classical model, the already present synthesis of the social by major economic theorists, & the need for broad understanding of "socially determined," "socialization," & "normative.". 6 References. K. Coddon

Several journals are attempting to develop a new paradigm that will expand the range of sociological, psychological and institutional factors included in the analysis of economics beyond those covered by the neoclassical paradigm. Outlines policy implications and argues that within the paradigm a combination of macro and structural policies is required. (SJK)