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Characterizations of Consequentialism and Nonconsequentialism

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  • Suzumura, Kotaro
  • Xu, Yongsheng

Abstract

By allowing for the possibility that individuals recognize the intrinsic value of choice along with the instrumental value thereof, we suppose that individuals express extended preference orderings of the following type: Choosing an alternative x from an opportunity set A is better than choosing an alternative y from an opportunity set B. Within this framework, we identify a consequentialist and a non-consequentialist, who show contrasting attitudes toward alternatives vis-à-vis opportunities. This paper characterizes these attitudes in terms of some axioms, whereas the companion paper explores the implications of these concepts in the context of social choice theory à la Arrow.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 101 (2001)
Issue (Month): 2 (December)
Pages: 423-436

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Handle: RePEc:eee:jetheo:v:101:y:2001:i:2:p:423-436

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Web page: http://www.elsevier.com/locate/inca/622869

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References

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  1. Amartya Sen, 1996. "Maximization and the Act of Choice," Harvard Institute of Economic Research Working Papers 1766, Harvard - Institute of Economic Research.
  2. Bossert Walter & Pattanaik Prasanta K. & Xu Yongsheng, 1994. "Ranking Opportunity Sets: An Axiomatic Approach," Journal of Economic Theory, Elsevier, vol. 63(2), pages 326-345, August.
  3. Gravel, Nicolas, 1994. "Can a Ranking of Opportunity Sets Attach an Intrinsic Importance to Freedom of Choice?," American Economic Review, American Economic Association, vol. 84(2), pages 454-58, May.
  4. Sen, Amartya K, 1979. "Personal Utilities and Public Judgements: Or What's Wrong with Welfare Economics?," Economic Journal, Royal Economic Society, vol. 89(355), pages 537-58, September.
  5. Pattanaik, Prasanta K & Suzumura, Kotaro, 1994. "Rights, Welfarism, and Social Choice," American Economic Review, American Economic Association, vol. 84(2), pages 435-39, May.
  6. Prasanta K. Pattanaik & Kotaro Suzumura, 1992. "Individual Rights and Social Evaluations: A Conceptual Framework," Discussion Paper Series a250, Institute of Economic Research, Hitotsubashi University.
  7. Pattanaik, Prasanta K. & Xu, Yongsheng, 2000. "On diversity and freedom of choice," Mathematical Social Sciences, Elsevier, vol. 40(2), pages 123-130, September.
  8. Gravel, Nicolas, 1994. "Ranking Opportunity Sets on the Basis of their Freedom of Choice and their Ability to Satisfy Preferences : A Difficulty," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1994008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  9. Sen, Amartya, 1988. "Freedom of choice : Concept and content," European Economic Review, Elsevier, vol. 32(2-3), pages 269-294, March.
  10. Sen, Amartya, 1993. "Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms," Oxford Economic Papers, Oxford University Press, vol. 45(4), pages 519-41, October.
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Citations

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Cited by:
  1. Johansson-Stenman, Olof, 2010. "Are Most People Consequentialists?," Working Papers in Economics 467, University of Gothenburg, Department of Economics.
  2. Aditi Bhattacharyya & Prasanta K. Pattanaik & Yongsheng Xu, 2010. "Choice, internal consistency, and rationality," Working Papers 1011, Sam Houston State University, Department of Economics and International Business.
  3. Juan Perote Peña, 2003. "Ethical Implementation and the Creation of Moral Values," Economic Working Papers at Centro de Estudios Andaluces E2003/25, Centro de Estudios Andaluces.
  4. Franz Dietrich & Christian List, 2013. "Reason-Based Rationalization," Levine's Working Paper Archive 786969000000000841, David K. Levine.
  5. Franz Dietrich & Christian List, 2014. "Reason-Based Rationalization," STICERD - Theoretical Economics Paper Series /2014/565, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
  6. Lombardi, Michele & Yoshihara, Naoki, 2013. "Natural implementation with partially honest agents in economic environments," MPRA Paper 48294, University Library of Munich, Germany.
  7. Yukinori Iwata, 2009. "Consequences, opportunities, and Arrovian impossibility theorems with consequentialist domains," Social Choice and Welfare, Springer, vol. 32(3), pages 513-531, March.
  8. Lombardi, Michele & Yoshihara, Naoki, 2012. "Natural Implementation with Partially Honest Agents," Discussion Paper Series 561, Institute of Economic Research, Hitotsubashi University.
  9. Suzumura, Kotaro & Xu, Yongsheng, 2003. "Consequences, opportunities, and generalized consequentialism and non-consequentialism," Journal of Economic Theory, Elsevier, vol. 111(2), pages 293-304, August.
  10. Dietrich, Franz & List, Christian, 2012. "Mentalism versus behaviourism in economics: a philosophy-of-science perspective," MPRA Paper 37813, University Library of Munich, Germany.

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