Sandal Jan-Urban, Doctor of Philosophy, Professor, Rector and Owner, Fil. Dr. Jan-U. Sandal Institute, 31 Kløverveien, 1475 Finstadjordet, Norway

ORCID ID: 0000-0001-8072-0822
e-mail: jan-u.sandal@janusandal.no

Oeconomica

Abstract. Introduction. 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.

Keywords: family; household management; innovation; freedom; democracy.

References:

1. Acemoglu, D. & Robinson, J. A. (2013). Why Nations Fail. London, Great Britain: PROFILE BOOKS LTD.
2. Barry, B. (2012). Why Social Justice Matters. Cambridge, UK: Polity Press.
3. Cantillon, R. (1755/1931), Essai sur la nature du commerce en general. London/New York: Henry Higgs, C.B.
4. Casson, M. (1982). The Entrepreneur – An Economic Theory. New Jersey: Barnes & Noble books.
5. Dees, J. G. (2007). Taking Social Entrepreneurship Seriously. Society vol. 44 no. 3, p. 24 – 31.
6. Fuentes, A. (2012). Race, monogamy, and other lies they told you. California, USA: University of California Press.
7. Maxwell, J. C. (2003). There’s No Such Thing as “Business” Ethics. USA: Time Warner Books Group.
8. Peterson, J. A. (2018). 12 Rules for Life: An Antidote to Chaos. Toronto, Canada: Penguin Random House Canada Limited.
9. Sachs, J. D. (2012). The Price of Civilization. New York: the random House Publishing Group.
10. Sandal, J-U. (2022). The purpose of the nation. Access Journal Access to Science, Business, Innovation in the Digital Economy. Volume 3, Issue 3, 339-340. https://doi.org/10.46656/access.2022.3.3(10)
11. Sandal, J-U. (2024). Soft Girl and a Young Man`s Dream. Financial Instruments of Sustainable Economic Development Vi International Scientific and Practical Conference. 2024__Conference_CHERNIVTSI_JanU.pdf (janusandal.no) 2024-09-30.
12. Sandal, J-U. (2023). Household Management and Innovation. International Scientific and Practical Internet Conference
    “Competitiveness and Innovation: Problems of Science and Practice”. Simon Kuznets Kharkiv National University of Economics and the Research Centre for IPR of the National Academy of Sciences of Ukraine. Programka_KONF_2023-4_JanU.pdf (janusandal.no)  (2024-09-30).
13. Sandal, J-U. (2022). Social Entrepreneurs and the Family. III International scientific and practical online conference, Chernivtsi Law School. Microsoft Word – Pravovi_Vykl_Mat_Conf3_2023.doc (janusandal.no) (2024-09-30).
14. Schumpeter, J. A. (1912). Theorie der Wirtschaftlichen Entwicklung. Leipzig: Duncker & Humblot.
15. Schumpeter, J. A. (1934/2008). The Theory of Economic Development. New York: Oxford University Press.
16. Schumpeter, J. A. (1942). Capitalism, socialism and democracy. New York: Harper & Brothers.
17. Smith, A. (1776/1981). The Wealth of Nations. Middlesex: The Chancer Press Ltd.
18. Stossel, J. (2023). No, They Can’t: Why Government Fails – But Individuals Succeed. New York, NY: Simon & Schuster, Inc.