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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 outcome x from an opportunity set A is better than choosing an outcome y from an opportunity set B. Within this framework, we identify a consequentialist and a non-consequentialist, who show contrasting attitudes toward outcomes vis-a-vis opportunities. The task of this paper is to characterize these attitudes in terms of some axioms. The companion paper explores the implications of these concepts in the context of social choice.

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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. Prasanta K. Pattanaik & Yongsheng Xu,, . "On Diversity and Freedom of Choice," Discussion Papers 97/18, University of Nottingham, School of Economics.
  2. Prasanta K. Pattanaik & Kotaro Suzumura, 1992. "Individual Rights and Social Evaluations: A Conceptual Framework," Discussion Paper Series a250, Institute of Economic Research, Hitotsubashi University.
  3. 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.
  4. Pattanaik, Prasanta K & Suzumura, Kotaro, 1994. "Rights, Welfarism, and Social Choice," American Economic Review, American Economic Association, vol. 84(2), pages 435-39, May.
  5. 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, Universit├ę catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  6. Amartya Sen, 1996. "Maximization and the Act of Choice," Harvard Institute of Economic Research Working Papers 1766, Harvard - Institute of Economic Research.
  7. Sen, Amartya, 1988. "Freedom of choice : Concept and content," European Economic Review, Elsevier, vol. 32(2-3), pages 269-294, March.
  8. 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.
  9. 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.
  10. 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.
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Cited by:
  1. Lombardi Michele & Yoshihara Naoki, 2012. "Natural implementation with partially hones agents," Research Memorandum 005, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  2. Lombardi, Michele & Yoshihara, Naoki, 2013. "Natural implementation with partially honest agents in economic environments," MPRA Paper 48294, University Library of Munich, Germany.
  3. Yukinori Iwata, 2014. "On the informational basis of social choice with the evaluation of opportunity sets," Social Choice and Welfare, Springer, vol. 43(1), pages 153-172, June.
  4. Franz Dietrich & Christian List, 2013. "Reason-Based Rationalization," Levine's Working Paper Archive 786969000000000841, David K. Levine.
  5. 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.
  6. Yukinori Iwata, 2009. "Consequences, opportunities, and Arrovian impossibility theorems with consequentialist domains," Social Choice and Welfare, Springer, vol. 32(3), pages 513-531, March.
  7. Dietrich, Franz & List, Christian, 2012. "Mentalism versus behaviourism in economics: a philosophy-of-science perspective," MPRA Paper 37813, University Library of Munich, Germany.
  8. 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.
  9. Johansson-Stenman, Olof, 2010. "Are Most People Consequentialists?," Working Papers in Economics 467, University of Gothenburg, Department of Economics.
  10. Suzumura, Kotaro & Xu, Yongsheng, 2000. "Consequences, Opportunities, and Generalized Consequentialism and Non-consequentialism," Discussion Paper 5, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  11. Juan Perote Pe├▒a, 2003. "Ethical Implementation and the Creation of Moral Values," Economic Working Papers at Centro de Estudios Andaluces E2003/25, Centro de Estudios Andaluces.

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