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A historical introduction to normative economics

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Author Info
Serge-Christophe Kolm (Maison des Sciences de l'Homme, 54, Bd. Raspail, F-75006 Paris, France)
Abstract

The central way in which people judge the economy is process liberalism, whose rational form, however, implies specific redistributions and roles for the public sector. Other principles also belong to procedural justice, and others refer to happiness. Among the latter, the utilitarian ethos and form have a limited scope of relevance. This has led to the consideration of more general social maximands. However, seeing a priori the general social optimum as a maximum imposes non-needed requirements, sometimes opposes rationality and equity, and always demands justification. In particular, this maximizing form cannot be justified as representing an individual's judgment. But, at any rate, the general optimum is defined otherwise.

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Publisher Info
Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 17 (2000)
Issue (Month): 4 ()
Pages: 707-738
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Handle: RePEc:spr:sochwe:v:17:y:2000:i:4:p:707-738

Note: Received: 2 March 1999/Accepted: 6 October 1999
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  1. Ted Bergstrom, 2005. "Benefit-cost in a Benevolent Society," University of California at Santa Barbara, Economics Working Paper Series 2004B, Department of Economics, UC Santa Barbara. [Downloadable!]
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This page was last updated on 2009-11-21.


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