The Impossibility of Social Choice and the Possibilities of Individual Values: Political and Philosophical Liberalism Reconsidered
AbstractThough the social choice of social institutions or social results is impossible - there is, strictly speaking, no social choice - individual evaluations of social institutions or results trivially are possible. Such individual evaluations can be deemed liberal either because they emphasize political institutions that embody liberal values (political liberalism) or because individuals make up their mind in a specifically "liberal" way of forming ethical judgment (philosophical liberalism). Seen in this light the Paradox of Liberalism is of theoretical or philosophical interest but not a practical problem of political (institutional) liberalism.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-061.
Date of creation: 12 Aug 2008
Date of revision:
Philosophical Liberalism; Political Liberalism; Public Choice; Social Choice;
Find related papers by JEL classification:
- B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-14 (All new papers)
- NEP-CDM-2008-08-14 (Collective Decision-Making)
- NEP-EXP-2008-08-14 (Experimental Economics)
- NEP-HPE-2008-08-14 (History & Philosophy of Economics)
- NEP-PBE-2008-08-14 (Public Economics)
- NEP-PKE-2008-08-14 (Post Keynesian Economics)
- NEP-POL-2008-08-14 (Positive Political Economics)
- NEP-SOC-2008-08-14 (Social Norms & Social Capital)
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