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Rethinking social security

In: A Modern Guide to Rethinking Economics

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  • Spartaco Greppi

Abstract

This chapter aims to show the ineffectiveness and the theoretical limits of the dominant approach to social policies by reiterating the historical necessity of social security, designed to satisfy the production system in terms of efficiency and effectiveness while allowing the needs of the population to be met. This chapter will also explain the theoretical relevance of social security, established by many studies within the Keynesian tradition and largely supported by empirical research that has shown its crucial role in economic and social development of capitalist societies. This chapter concludes by indicating how this role can be maintained in the future.

Suggested Citation

  • Spartaco Greppi, 2017. "Rethinking social security," Chapters, in: Louis-Philippe Rochon & Sergio Rossi (ed.), A Modern Guide to Rethinking Economics, chapter 20, pages 378-401, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16503_20
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    Keywords

    Economics and Finance;

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