Towards a collective understanding of Social Cost Benefit and Value

Abstract

Purpose – The purpose of this article is to argue that a common understanding of the terms social value, social cost benefit, social return on investment etc. would be useful for those seeking to engage with the topic in the fields of health, wellbeing and early family intervention Design/method/approach – The article considers a commissioned study delivered by the authors which reviews the literature pertinent to this field. Findings- The authors suggest that there is considerable confusion with regard to the meaning of terms which are used almost interchangeably in the fields of health, wellbeing and early family intervention. Originality/value – The authors put forward a model to provide consistency of meaning across three levels of interventions.