Chapter 20: Rethinking social security

Greppi, Spartaco (2017) Chapter 20: Rethinking social security. In: Rochon, Louis-Philippe and Rossi, Sergio, (eds.) A Modern Guide to Rethinking Economics. Edward Elgar, pp. 378-401.

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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.

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