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French liberal economists share a very surprising reading of Bentham's theory. In this paper, we underline the method according to which these French liberal economists in the nineteenth century economists understand Bentham's utilitarianism: they consider that utilitarianism deals with...
Persistent link: https://www.econbiz.de/10009367989
This paper aims at exploring, in a formal way, Bentham's statement that “the pleasure of gaining is not equal to the evil of losing”, which belongs to those aspects of the principle of utility left aside by Jevon's reconstruction. Consequently, the agent's preference order will be viewed as...
Persistent link: https://www.econbiz.de/10008790544
French liberal economists share a very surprising reading of Bentham's theory. In this paper, we underline the method according to which these economists understand Bentham's utilitarianism: they consider that utilitarianism deals with 'utility' but disregards justice. Such an interpretation...
Persistent link: https://www.econbiz.de/10008675127