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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.

Suggested Citation

  • Jimena Hurtado & Johanna Mick, 2011. "Utilitarianism and Economic Behavior. Looking for Benthamite Traces," DOCUMENTOS CEDE 009251, UNIVERSIDAD DE LOS ANDES-CEDE.
  • Handle: RePEc:col:000089:009251
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    File URL: http://economia.uniandes.edu.co/publicaciones/dcede2011-44.pdf
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    References listed on IDEAS

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    1. 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.
    2. Hausman,Daniel M. & McPherson,Michael S., 2006. "Economic Analysis, Moral Philosophy and Public Policy," Cambridge Books, Cambridge University Press, number 9780521846295.
    3. Hausman,Daniel M. & McPherson,Michael S., 2006. "Economic Analysis, Moral Philosophy and Public Policy," Cambridge Books, Cambridge University Press, number 9780521608664, December.
    4. 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.
    5. Sigot, Nathalie, 2002. "Jevons's Debt to Bentham: Mathematical Economy, Morals and Psychology," Manchester School, University of Manchester, vol. 70(2), pages 262-278, March.
    6. 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, May.
    7. 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 1322-1348, December.
    8. Maas,Harro, 2005. "William Stanley Jevons and the Making of Modern Economics," Cambridge Books, Cambridge University Press, number 9780521827126.
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    More about this item

    Keywords

    Utilitarianism; Rational Choice Theory; Axiom of Revealed Preferences;

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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