An accepted, established, or expected pattern of behaviour in a society.
A collection of statistical information about human welfare and the level of development of an economy.
Examining the economic term 'social interaction' and its implications on preferences, constraints, and individual behaviors within reference groups.
Understanding the social internal rate of return, a discount rate that balances the net present social benefits and costs of a private activity, including externalities.
A term describing an economic system that blends market-based private ownership with significant government intervention in the form of public services and social security.
The allocation that maximizes social welfare, chosen by a benevolent social planner within the constraints of resource endowment.
A benevolent decision-maker who chooses economic policy either to maximize a social welfare function or to attain a Pareto efficient allocation.
A form of for-profit company that can pursue social or environmental objectives alongside profit maximization.
Externalities generated by the education of individuals that benefit society beyond individual wages.
Definition and implications of the 1935 Social Security Act, which established a federal system of social security in the United States.
State payments aimed at ensuring minimum living standards for residents, commonly provided to those over retirement age, the disabled, and others unable to support themselves.
The parts of social security requiring individual contact rather than cash payments
