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Values in Welfare economics

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  • Antoinette Baujard

    (Univ Lyon, UJM Saint-Etienne, GATE UMR 5824, 42023 Saint-Etienne, France)

Abstract

This chapter focuses on the inner rationale and consequences of four different archetypal positions regarding how ethical and political values are tackled in welfare economics. Welfare economics is standardly associated with the welfarist framework, for which social welfare is based on individual utility only. Beyond this, we distinguish the value-neutrality claim – for which ethical values should be and are out of the scope of welfare economics –, the value confinement ideal – for which ethical values are acceptable if they are minimal and consensual–, the transparency requirement – for which any ethical values may be acceptable in the welfare economics framework if explicit and formalized –, and the entanglement claim – which challenges the very possibility of demarcation between facts and values.

Suggested Citation

  • Antoinette Baujard, 2021. "Values in Welfare economics," Working Papers 2112, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    • Handle: RePEc:gat:wpaper:2112
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    Cited by:

    1. Maximilian Tallgauer & Christoph Schank, 2023. "Rethinking Economics Education for Sustainable Development: A Posthumanist Practice Approach," Sustainability, MDPI, vol. 15(11), pages 1-14, June.
    2. Antoinette Baujard, 2022. "Ethics and Technique in Welfare Economics: How Welfarism Evolves in the Making," Revue économique, Presses de Sciences-Po, vol. 73(6), pages 1039-1053.
    3. Antoinette Baujard, 2021. "A review of Adler's "Measuring social Welfare"," Working Papers 2113, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    4. Virginie Gouverneur, 2022. "Families and Women in Alfred Marshall’s Analysis of Well-being and Progress," Working Papers of BETA 2022-35, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    5. Diane Coyle & Mark Fabian & Eric Beinhocker & Tim Besley & Margaret Stevens, 2023. "Is it time to reboot welfare economics? Overview," Fiscal Studies, John Wiley & Sons, vol. 44(2), pages 109-121, June.
    6. Antoinette BAUJARD & Muriel GILARDONE, 2020. "Reconciling agency and impartiality: positional views as the cornerstone of Sen’s idea of justice," Economics Working Paper from Condorcet Center for political Economy at CREM-CNRS 2020-03-ccr, Condorcet Center for political Economy.
    7. Erasmo, Valentina, 2021. "Female economists and philosophers’ role in Amartya Sen’s thought: his colleagues and his scholars," MPRA Paper 105769, University Library of Munich, Germany.

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    More about this item

    Keywords

    Welfare economics; facts and values; value judgement; welfarism; transparency; demarcation; normative and positive; neutrality;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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