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<ref>{{cite web|url=http://www.economyprofessor.com/economictheories/dual-economy-theory.php}}</ref>

This theory was given by economist J.H. Boeke who characterizes a society in the economic sense by the social spirit, the organisational forms and the technique dominating it.
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On this account Boeke defines a dual society as a society where "one of the two prevailing social systems, as a matter of fact always the most advanced, will have been imported from abroad and have gained its existence in the new environment without being able to oust or assimilate the divergent social system that has grown up there, with the result that neither of them becomes general and characteristic for that society as a whole."

==Characteristics of a Dualistic Economy==

<ref>{{cite book|last=Todaro and Smith|title=Economic Development}}</ref> ⏎
1.'''Overiding importance of social nedds'''
The first characteristic of dualistic economies pointed out by Boeke is the relatively greater importance of social needs as compared to western economies. Boeke states,
"Possessions in the share of cattle, land, clothes, and houses, the fulfilment of social duties in all the circumstances of likr, must be all regarded as largely the satisfaction of social needs. It is not their economic usefulness, not the individual services they render their possessor which determine the value of the goods. It is a matter of secondary importance whether the land produces reasonable profit in proportion to the money paid for it whether the cattle can be made reasonably iseful to their owner in his own business,whether the clothing covers, protects,warms the wearer or affects him pleasantly in any way. For it is not the use of these objects to the subject himself that gives them their worth in his eyes; it is what the community thinks of them that sets the standard.

==SEE ALSO==
http://www.economyprofessor.com/economictheories/dual-economy-theory.php

http://www.economypoint.org/d/dualism-theories.html
== References ==
<references />

[[Category:Sociology theorems|Social dualism]]