Oeconomica
The novelty of the research is justified at a time when the family values and initiatives behind democratic development, born of successful innovation, are contradicted by political propaganda, harmful ideologies, homophilism, anti-natalism and religious lies.All human beings live under some kind of economic system, some of which are more conducive to democratic development than others.Household management is an ancient science that has proven to be of great value and interest in ensuring democratic development.Family and family values are essential for the creation of innovation, social entrepreneurship and social development.Purpose.The purpose is to analyze the roots of economics as a family and social phenomenon, its importance in early and modern capitalism and the current situation.Results.The research methodology is based on the science of economic history, especially the theories of innovation and entrepreneurship, family theory and the theory of the family in a long-term perspective and overview, international independent science and scientific truth, analyses of economic theories and the theory of the firm, mechanisms of change in society and motivational factors in the individual.The article is divided into three parts; firstly, introduction; presenting the subject, scope, aims and organisation of the article; secondly, presentation of the main text and scientific truth; systematically presenting and analysing theories, topics, challenges and relevance of scientific research; and thirdly, conclusions; constructed on theoretical justifications, analyses, logics, arguments and results.Conclusions.The conclusions, based on empirical facts and theoretical analyzes, indicate that the family unit as supplier of successful entrepreneurs is crucial in capitalism.
Authors
- Jan-Urban Sandal (ORCID: https://orcid.org/0000-0001-8072-0822)
Institutions
- Equinor (Norway) (NO)
Publication Details
- Journal
- Modern Economics
- Published
- 2024-10-31
- DOI
- https://doi.org/10.31521/modecon.v47(2024)-15
- Citations
- 1
- Primary Topic
- Family Business Performance and Succession
- Type
- article
- Field-Weighted Citation Impact
- 0.67