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Any Non-Individualistic Social Welfare Function Violates the Pareto Principle

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Author Info
Louis Kaplow
Steven Shavell

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Abstract

The public at large, many policymakers, and some economists hold views of social welfare that attach some importance to factors other than individuals' utilities. This note shows that any such non-individualistic notion of social welfare conflicts with the Pareto principle.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7051.

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Date of creation: Mar 1999
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Handle: RePEc:nbr:nberwo:7051

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Find related papers by JEL classification:
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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  1. Sen, Amartya, 1970. "The Impossibility of a Paretian Liberal," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 152-57, Jan.-Feb.. [Downloadable!] (restricted)
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