Theoretical perspectives on children in need in economic thinking
DOI:
https://doi.org/10.52673/18570461.24.3-74.09Keywords:
children in need, economic thinking, child labour, human capital theory, well-beingAbstract
This paper investigates the progression of economic thought on children in need, highlighting pivotal transitions from early economic theories to contemporary perspectives. Initially, children were regarded as economic assets, with necessity of child labour being rationalized for national prosperity. Industrialization exposed the exploitative conditions of child labour, prompting significant social reforms and protective legislation. Modern psychology and sociology have deepened the comprehension of child development, emphasizing early education and health. Evidencebased strategies from behavioral economics and randomized trials now guide effective policy interventions. A multidisciplinary approach is decisive in enhancing conditions for vulnerable children, by ensuring that they can realize their full potential in a supportive environment.
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