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The news of the death of welfare economics is greatly exaggerated

  • Marc Fleurbaey

    ()

  • Philippe Mongin

    ()

Après qu'Arrow eut démontré son théorème d'impossibilité, les "fonctions de bien-être social de Bergson-Samuelson" (FBS) firent l'objet d'une controverse qui opposa les théoriciens du choix social aux économistes du bien-être. Une version nouvelle du théorème parue dans les années 1970 visait à établir que les FBS "ou bien font des comparaisons d'utilité interpersonnelle, ou bien sont dictatoriales". Refusant cette conclusion, Samuelson réaffirma l'existence de FBS "ordinalistes" et, cependant, non-dictatoriales; plus généralement, il nia la pertinence des résultats arroviens pour l'économie du bien-être. L'article formalise et réévalue les arguments avancés de chaque côté. Bien qu'il critique également ceux de Samuelson, il approuve sa conclusion, voulant que l'économie du bien-être soit sortie indemne de la controverse. L'article propose de rapprocher les FBS de certaines constructions de l'économie normative contemporaine.

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

Volume (Year): 25 (2005)
Issue (Month): 2 (December)
Pages: 381-418

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Handle: RePEc:spr:sochwe:v:25:y:2005:i:2:p:381-418
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  23. Marc Fleurbaey, 2003. "On the informational basis of social choice," Social Choice and Welfare, Springer, vol. 21(2), pages 347-384, October.
  24. Blackorby, Charles & Donaldson, David & Weymark, John A, 1984. "Social Choice with Interpersonal Utility Comparisons: A Diagrammatic Introduction," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 25(2), pages 327-56, June.
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