Economic security refers to the material conditions that enable people to have a long term perspective on their lives, and their confidence for the future.
It also includes economic conditions that enable people to feel secure because they have enough income to cover their basic needs.
[1] Social cohesion refers to the bonds that link societies together, deriving from the work of Émile Durkheim.
They have used a different variation, considering the impact on well being, measured through life satisfaction and human flourishing in order to understand how social quality might work in fostering the well being of people in society.
[14] A more traditional line is maintained by Peter Herrmann who had been since the end of the 1990s advisor of the then European Foundation, later International Association of Social Quality.
[15] Herrmann is on the one hand reclaiming the methodological and theoretical importance of Social Quality thinking, at least qualifying the empirical orientation.
On the other hand, though this does not contradict the orientation on sustainability, Herrmann emphasises the need to reorient debates on "the kind of economy in place" instead of maintaining dichotomies, separations and hierarchies between different areas of societal development.