This groundbreaking book provides a comprehensive treatment of the political economy of aging. From the founder and key thinker in the field comes a work that aims to contribute to the understanding of old age and aging in the context of problems and issues of the larger social order in America. Since Carroll Estes' first writing on the political economy of aging in 1979, there has been growing recognition and incorporation of her critical perspective as one of the major paradigms in the field of aging. The only comprehensive book-length treatment of the subject, Social Policy and Aging addresses the globalization of capital and developments in health care restructuring. Combining social gerontological theory and major theoretical advances in work on the welfare state, this text keeps readers abreast of the new development within the discipline. Students and researchers alike will appreciate this critical perspective, widely acknowledged as one of the major paradigms in the field of aging.