In "What's so new about social investment? Evidence from the history of the Danish welfare state" @ludvigsev and Troels Krarup find utilitarian logics similar to the modern social investment paradigm were central in the early formative period of the welfare state.
The article is part of the upcoming special issue on "Social Investment in Action" edited by @ditteandersen and Magnus Paulsen Hansen.
https://doi.org/10.1177/00016993251339011