What is Africonomics?

It’s an African school of philosophical and economic thought. Africonomics is a social science grounded in upholding people’s natural individual rights [life, liberty, and (self and property) ownership]. Its central goal is to study and understand socioeconomic phenomena to promote prosperity, justice, and peaceful relations within and among human societies.

Unlike prevailing economics and the other social sciences, which rest on philosophical materialism, positivism, and a Darwinian conception of humans and human relations, Africonomics is a social science premised on the African worldview’s theist, principled, and nonrivalrous nature. Notice, however, that Africonomics is not a culturalist-historicist approach to economic science. It is a natural-moral law approach to economics, jurisprudence, and the social sciences with universal applicability.

Western economics is overwhelmingly based on philosophical materialism and a utilitarian-positivist approach, with ethics playing practically no role. In contrast, ethics is a cornerstone in the African approach to economics and other social sciences, as chartered by Africonomics.