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Cropsey′s 1955 invitation to reassess the particular metaphysic or political philosophy which underpins modern economics remains under‐appreciated. Reviews Cropsey′s 1955 argument in order to apprehend just what charges are being laid at the door of modern welfare economics. Considers the way in which Benjamin Ward misconstrued that argument in his 1956 “rebuttal” and the same misunderstandings and dividing lines which still exist in economics today. Offers illustration from the contemporary economics literature (e.g. regarding the market for baby adoption) to gauge the plausibility of Cropsey′s 1955 prediction that certain social, political and moral consequences will follow for society in the longer run if more traditional metaphysical teachings and conceptions of social welfare are undermined by what Cropsey sees as the potentially destructive metaphysics embodied in orthodox welfare economics.

This paper draws upon the work of Georgescu‐Roegen to outline some theoretical alternatives to standard welfare theory, and to examine the policy implications of discarding the Walrasian core of neoclassical economics.

Current work in behavioral economics and game theory shows that economic behavior depends on social context, a point understood by social economists for a hundred years or more. This work is related to Georgescu's contributions to utility theory and bioeconomics.

Neoclassical welfare economics continues to dominate economic theory and policy even though its theoretical foundations, economic man and perfect competition, have been discredited by mainstream theorists. Economic processes take place in specific social contexts and also coevolve with the biophysical universe.

Although modern economics is incorporating many of Georgescu's insights about human preferences it has yet to come to grips with the fact that human economic activity is shaped by its biophysical context. It is believed this should be a major focus of future economic research.

Provides further insights into welfare theory and bioeconomics.

To explain a fiscal rule that functions in a different way from a constitutional ideal of a welfare state, as Japan's case, and to give a literary examination of that kind of thoughts in modern economics and theory of public finance.

Compares neo‐institutional economics and fiscal sociology about the role of a government, using recent fiscal data of developed countries.

For neo‐institutional economics it is difficult to explain “welfare state” that substitutes the role of a family because the approach can only explain a complementary relationship of organizations in higher levels with lower organizations.

Points out that neo‐institutional economics should be examined by a historical formation of each rule and a real legal system in each country.

Discusses institutional economics and fiscal sociology from an aspect of possibility of applying to the field of public finance and social welfare.

Since the first Volume of this Bibliography there has been an explosion of literature in all the main areas of business. The researcher and librarian have to be able to uncover specific articles devoted to certain topics. This Bibliography is designed to help. Volume III, in addition to the annotated list of articles as the two previous volumes, contains further features to help the reader. Each entry within has been indexed according to the Fifth Edition of the SCIMP/SCAMP Thesaurus and thus provides a full subject index to facilitate rapid information retrieval. Each article has its own unique number and this is used in both the subject and author index. The first Volume of the Bibliography covered seven journals published by MCB University Press. This Volume now indexes 25 journals, indicating the greater depth, coverage and expansion of the subject areas concerned.

Need has persisted as a central concept in health policy debate. Despite confusion over its meaning and derivation it seems to summarise a belief by many policy makers that the concerns of health policy go beyond the merely economic. Economists, on their side, frequently stop at the borders of economics, leaving the concept of need to others, preferring where possible the concepts of demand and supply. This state of affairs increases the risk that the relationship of health care need to economic theory will not be well understood by policy makers, and that economists will misunderstand why their policy advice, when given, is so frequently ignored.

The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains features to help the reader to retrieve relevant literature from MCB University Press' considerable output. Each entry within has been indexed according to author(s) and the Fifth Edition of the SCIMP/SCAMP Thesaurus. The latter thus provides a full subject index to facilitate rapid retrieval. Each article or book is assigned its own unique number and this is used in both the subject and author index. This Volume indexes 29 journals indicating the depth, coverage and expansion of MCB's portfolio.

Examines the relationship between public welfare and the pursuit of happiness via a discussion on the conception on public welfare provision and the way in which it is received as consumption. Introduces concepts on organized welfare and positions individual happiness in the realm of consumption, and argues that state‐organized welfare polity has unintentionally expanded the scope of and expectation of citizens on consumption. Outlines the critics on welfare state provision. Argues for a conceptualization of happiness with reference to the mode of welfare consumption. In spite of problems relating to the welfare state, collective consumption has provided both symbolic and material goods through which a new set of consumption relations is developed. Ends with remarks on the implication of welfare consumerism in creating the social identity of citizen‐consumers and happiness in the coming modernity.

The purpose of this paper is to reflect on those “meeting points” and “encountering places” where the action of individuals, families, corporations, NGOs and public policies can optimize the advancement of social citizenship within the European context.

An analysis of the worlds of welfare capitalism is contrasted with a corporate social responsibility (CSR) typology of policy governance. It serves the purpose of highlighting not only institutional arrangements and operational welfare rationales, but also value‐systems and cultural tenets shaping commonalities and diversities in public policy governance in the European Union.

Considerations are made on the impacts that both the global order and the “new social risks” (NSR) have for the promotion of CSR and the advancement of social citizenship. The case of the reconciliation of work and family life illustrates how CSR might induce a greater role for businesses in welfare development.

Further research is needed to establish the linkages between the welfare regime approach and the models of public policy supports for CSR.

The paper is original in its theoretical linking of welfare mix, CSR and social citizenship with regard to the improvement of citizens’ living conditions.

The 2008‐2009 global crisis was not only a financial calamity, but also a major ethical disaster. The purpose of this paper is to discuss the dharmic transgressions that took place in connection with the crisis using the philosophy of Bhagavan Sri Sathya Sai Baba, a world spiritual leader and teacher.

The paper initially gives a brief overview of the unfolding crisis, its devastation of the world economy and a review of related literature. The paper then outlines the concept of dharma which, as expounded by Bhagavan Baba, must ultimately result in social welfare. The paper goes on to analyze the factors that created, triggered and fuelled the crisis from this perspective. The paper also outlines solutions based on Baba's philosophy to prevent such a crisis from occurring in the future.

The fundamental finding of the paper is that the global financial crisis was triggered and fuelled by factors which were transgressions of dharma. Thus, the solution to prevent such a crisis is adherence to dharma.

The paper gives several recommendations to investors, institutions and regulators to act in a way to prevent such crises in the future.

If the principles of dharma are adhered to, they will not only prevent occurrence of financial crises, but will also make the financial system work for the welfare of the entire society.

The paper shows the relevance of the teachings of Bhagavan Baba which are quintessentially the philosophy of “Sanathana Dharma” (eternal dharma) in solving current economic problems and contributing to social welfare.

Makes and attempts to substantiate, the following claims: It was Marshall′s objective to show how poverty could be ameliorated. He located the causes of poverty in the institutions of the state, education, monopoloid business enterprise, and the working‐class family. He viewed institutions as structures and as organized social behaviour. He explained that the latter is conditioned by customs. Some of these are rooted in the legend‐enshrouded past and hence change‐resisting. Other customs are change‐promoting by virtue of being engendered in scientific, technological, and educational processes. Marshall recommended that the state be reformed through a strengthening of democratic processes and that this be followed by state‐engineered reform of monopoloid institutions and of educational institutions. These reforms would result in increased institutionalization of dynamic behaviour and accelerated deinstitutionalization of static behaviour. The outcome would be an increase in welfare. Because of his recommendations. Marshall considered himself a socialist.