This volume relates the Capabilities Approach to research and practice in education, welfare economics, and social policy. Thus, it challenges traditional objectives and approaches in these fields. The authors suggest a capabilities perspective that calls into question the metric of success of these disciplines, as well as in the field of politics. It moves the attention away from economic growth and human capital towards autonomy and "agency freedom" of (young) individuals. Especially with respect to the young, this implies a substantial shift of perspectives. Young persons have been particularly highlighted in the political debate. On the one side, they are one of the groups with the highest risk to face situations of poverty. On the other side, young persons are the main focus group of educational strategies in the form of investments in human capital which dominate the discourse. In this context, the capability perspective implies a provoking shift of paradigms, because it takes place against the background of capitalist societies redefining their notion of "the public" and diminishing the collective responsibility for the vulnerable. The book also assesses the academic implications of the Capabilities Approach and the evaluative frame it provides for assessing policies and rationales in economics, education, and social policy. It discusses whether and how far the capabilities perspective makes a difference. It provides additional value in terms of promoting democracy and justice on a social level, along with well-being on the level of individual (particularly young) individuals.