tailieunhanh - Social Welfare: A Synthetic Analysis from the Perspective of the Main Schools of Economic Thought

The aim of the present study is to analyse the social welfare or other terms related to welfare from the perspective of the main schools of economic thought. | Social Welfare A Synthetic Analysis from the Perspective of the Main Schools of Economic Thought Vol. 6 2020 A new decade for social changes ISSN 2668-7798 9 772668 779000 Technium Social Sciences Journal Vol. 6 101-115 April 2020 ISSN 2668-7798 Social Welfare A Synthetic Analysis from the Perspective of the Main Schools of Economic Thought Percic Stanislav PhD Alexandru Ioan Cuza University of Iasi Romania Abstract. The analysis of the meaning of the social welfare is a topic of great interest for researchers as well as for policy makers. While some researchers or economists believe that social welfare is limited to the standard of living of the society others describe it as a material and spiritual welfare of the society and make a distinction between the social welfare of those in need of a special attention from society and general welfare of the whole society. In order to understand the true meaning of the concept of social welfare this research focuses on an incursion into the historical past of the economic thought. The aim of the present study is to analyse the social welfare or other terms related to welfare from the perspective of the main schools of economic thought. The research reveals that the representatives of the largest schools of economic thought have not overlooked terms such as prosperity happiness satisfaction usefulness wealth building a solid foundation to what we know today as social welfare. Keywords. social welfare wealth welfare economy welfare state human action 1. Introduction In a restricted sense the concept of social welfare is limited to the standard of living of the society outlined by the welfare or social protection services provided by the state. For example the economist Vaughn Davis Bornet considers the social welfare as equivalent to the term social protection giving the following definition Social welfare or rather social protection represents the .