Social investment is an increasingly influential approach – both among policymakers and social policy scholars – which emphasizes the economic benefits of welfare state interventions. Improving people’s education, for example, not only ameliorates their wellbeing but also their productive potential, thereby contributing to economic growth.
Critics of this approach have argued that social investment tends to replace value-based considerations (e.g. based on notions of needs and rights) with an economic evaluation of social policy, e.g. conceiving individuals narrowly and instrumentally as “human capital”. By substituting “social” logic with cost-benefit calculations, social investment may also lead to the adoption of policies that reinforce the marginalisation of vulnerable groups. Indeed, the economic rationale suggests focusing policies on those groups that offer the highest returns on investment in terms of employment and productivity. But what about deprived groups who have no valuable “human capital” to offer? Continue reading Investing in social justice?
Message from Sarah Brown, Journal Manager
To celebrate our most popular articles in 2016, you can access them free of charge throughout December and January from the links below.
Our most highly cited and recent articles this year have ranged from research articles such as rethinking depoliticisation: beyond the governmental which reflects on a reappraisal of depoliticisation, offering a conceptual horizon beyond a fairly narrow state-centric approach; to an in-depth analysis of behavioural change mechanisms such as nudge set against the political context of neoliberalism in the politics of behaviour change: nudge, neoliberalism and the state; to two different case studies examining different aspects of their respective policies and politics: one on the water sector offering a critical evaluation of policy translation across countries entitled rethinking the travel of ideas, and one offering a new framework that both measures and explains policy change within the context of institutional change entitled measuring and explaining policy paradigm change.
Take some time out to catch up on our most read articles of 2016: Continue reading Free access to Policy & Politics’ most popular articles in 2016