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Welfare and well-beingSocial value in public policy$
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Bill Jordan

Print publication date: 2008

Print ISBN-13: 9781847420800

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781847420800.001.0001

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Social value and well-being: paying tribute

Social value and well-being: paying tribute

(p.111) six Social value and well-being: paying tribute
Welfare and well-being

Bill Jordan

Policy Press

This chapter develops an alternative account of social value, in which the type of economic value that is produced and exchanged in the dominant model is but a particular version. It analyses the implications of the transformations of the collective life of Anglophone societies. First, it shows that the ‘objective’ is socially constructed; they vary between societies through factors other than mechanical laws that are taken to govern them. Second, the chapter considers the nature of the collective culture of individualism as a source of social value. The overall aim of this chapter is to demonstrate that as a way of understanding and distributing social value, individualism makes people vulnerable to a set of harms such as stigma, exclusion and isolation which can become endemic in the society.

Keywords:   social value, transformation, collective life, isolation, individualism, stigma, exclusion

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