Showing 1 - 10 of 218
Adam Smith demonstrated, repeatedly in his The Wealth of Nations in 1776 on, for example, pp.105-113,pp.227-244, pp.419-423,and p.714, his commitment and adherence to his theory of imprecise and inexact probability assessment that completely conflicted with Bentham’s exact, linear and additive...
Persistent link: https://www.econbiz.de/10013242634
two major points made by Keynes in the General Theory. First, Utilitarianism, of whatever type, collapses if either the … estimates for the utility value. Utilitarianism can only work, then, if the future is risky. Utilitarianism can NEVER work if … the future is uncertain. Therefore, since Benthamite Utilitarianism is the foundation for all of the work of, for example …
Persistent link: https://www.econbiz.de/10012947700
expressed by the Stoics, Cynics, and Skeptics. That would mean that Bentham’s Utilitarianism was merely a variation on a theme …
Persistent link: https://www.econbiz.de/10014101694
Economists for over two and one half centuries have completely and totally confused and mixed up the Virtue ethics approach of Adam Smith with the Utilitarian ethics approach of Jeremy Bentham. The major snafu concerns the directly conflicting definitions of self interest of Smith and...
Persistent link: https://www.econbiz.de/10012941644
Persistent link: https://www.econbiz.de/10009530476
Persistent link: https://www.econbiz.de/10009530492
Persistent link: https://www.econbiz.de/10009757333