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In [[sociology]] and [[economics]], '''Social dualism''' is a theory developed by economist Julius Herman Boeke which characterizes a society in the economic sense by the social spirit, the organisational forms and the technique dominating it.<ref name=dual-economy>{{cite web|url=http://www.economyprofessor.com/economictheories/dual-economy-theory.php|publisher=Ec(contracted; show full)

== Characteristics of a Dualistic Economy ==

;Overriding importance of social needs
The first characteristic of dualistic economies pointed out by Boeke is the relatively greater importance of social needs as compared to western economies.<ref>{{cite book|title=Economic Development|author=Todaro|
coauthors2=Smith  }}</ref> 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 m(contracted; show full)
* {{cite journal|last=Higgins|first=Benjamin|title=The 'Dualistic Theory' of Underdeveloped Areas|journal=Economic Development and Cultural Change|date=January 1956|volume=4|issue=2|pages=99-115|publisher=The University of Chicago Press|doi=10.1086/449706}}

== External links ==
* http://www.economypoint.org/d/dualism-theories.html

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[[Category:Sociological theories]]