Chapter

Welfare and the economic model: ‘being precisely wrong’

Bill Jordan

in Welfare and well-being

Published by Policy Press

Published in print September 2008 | ISBN: 9781847420800
Published online March 2012 | e-ISBN: 9781447304210 | DOI: http://dx.doi.org/10.1332/policypress/9781847420800.003.0004
Welfare and the economic model: ‘being precisely wrong’

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This chapter considers how social theory attempted to solve problems in relation to the economic model and where it failed to do so. It seeks to explain how the economic model of welfare became so widely adopted, and how this became embedded in a wider analysis of public policy. It discusses how the economic model has shaped formal interactions and explained all social phenomena. Topics included in this chapter are: the nature of collective action; institutions as restraints; and the relevance of social capital for welfare.

Keywords: social theory; economic model; welfare; collective action; social capital

Chapter.  6952 words. 

Subjects: Health, Illness, and Medicine

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