My main objection to investment approach is cognitive psychology based. All the numbers are just so large that ministers and bureaucrats cannot make sensible comparisons between them for decision-making purposes.
One of the troubles of being a researcher is that sometimes you can become so close to the subject that you forget how much/little the average person knows. What seems perfectly obvious or mundane to the researcher may not be so for the general public.
As a researcher who has focussed a lot of time and attention on social issues, I’ve read and heard a lot of speeches from this government on welfare reform. After all, the social investment approach was developed in 2012, that’s three years’ worth of PR on one of the government’s most controversial reforms.
So here’s my question: am I the only one who is sick of hearing about the investment approach?
I don’t mean that because I am opposed — on the contrary, I believe it is an innovative, well targeted mechanism for directing a limited pool of taxpayers’ money. I mean that because it features in nearly every…
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