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Welfare and well-being: Social value in public policy

Online ISBN:
9781447304210
Print ISBN:
9781847420800
Publisher:
Policy Press
Book

Welfare and well-being: Social value in public policy

Published:
10 September 2008
Online ISBN:
9781447304210
Print ISBN:
9781847420800
Publisher:
Policy Press

Abstract

Research on well-being reveals the significance of personal relationships, trust and participation to sustain quality of life, yet it is the economic model that remains the dominant basis for political and social institutions and policy. This book presents a new analysis of well-being in terms of social value, and outlines how it could be incorporated into public policy decisions. It argues that the grandiose attempt to maximise welfare and regulate social relations through contract, in line with the economic theory of information and incentives, is counterproductive for well-being. Instead, both the quality of personal experience and the restraints necessary for a convivial collective life would be better served by a focus on cultures and institutions.

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