The section presents a critical assessment of so-called outcome or displacement perspectives.
Common to them is a preference – under the pretext of showing interest for children – for looking forward to adulthood. This was characteristic for psychology and has recently obtained focus by prominent economists and politicians: being basically preoccupied with future productivity among adults they appear to have found its secret in childhood-investments. As such it is a worthy cause.
Its potential drawback is that investments do not produce the desired «outcome» and thus the critical question is raised, if politicians are ready to continue investments that «merely» favour children? Since 1980s a new sociology of childhood has been critical to these forward-looking perspectives and insisted that children’s welfare is significant enough in itself as an investment object and needs no instrumentalising arguments to be justified, for instance in terms of future profitability.
Key words: Children, Childhood, Outcome, Displacement, Investments, Human capital, Economy,
Sociology, Corporal punishments, Generations, Win, Lose.
JEL Classification: J13, J24.