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Utilitarianism and Economic Behavior. Looking for Benthamite Traces

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  • Jimena Hurtado

    ()

  • Johanna Mick

    ()

Abstract

In spite of the use of a utilitarian language in Rational Choice Theory, economists do not acknowledge any link to this current of moral philosophy, and have made great efforts to rid economics from its legacy. In this document we aim at assessing these efforts retracing their history from Pareto to Samuelson in order to determine how close they came to their ideal of formulating a positive science rid of what they called any metaphysical traces.

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File URL: http://economia.uniandes.edu.co/publicaciones/dcede2011-44.pdf
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Paper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 009251.

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Length: 44
Date of creation: 04 Oct 2011
Date of revision:
Handle: RePEc:col:000089:009251

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Keywords: Utilitarianism; Rational Choice Theory; Axiom of Revealed Preferences;

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  1. Marchionatti, Roberto & Gambino, Enrico, 1997. "Pareto and Political Economy as a Science: Methodological Revolution and Analytical Advances in Economic Theory in the 1890s," Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1322-48, December.
  2. D. Wade Hands, 2011. "Back To The Ordinalist Revolution: Behavioral Economic Concerns In Early Modern Consumer Choice Theory," Metroeconomica, Wiley Blackwell, vol. 62(2), pages 386-410, 05.
  3. Sigot, Nathalie, 2002. "Jevons's Debt to Bentham: Mathematical Economy, Morals and Psychology," Manchester School, University of Manchester, vol. 70(2), pages 262-78, March.
  4. Luigino Bruni & Francesco Guala, 2001. "Vilfredo Pareto and the Epistemological Foundations of Choice Theory," History of Political Economy, Duke University Press, vol. 33(1), pages 21-49, Spring.
  5. Warke, Tom, 2000. "Mathematical Fitness in the Evolution of the Utility Concept from Bentham to Jevons to Marshall," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(01), pages 5-27, March.
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