Characterizations of Consequentialism and Non-consequentialism
By allowing for the possibility that individuals recognize the intrinsic value of choice along with the instrumental value thereof, we suppose that individuals express extended preference orderings of the following type: Choosing an alternative x from an opportunity set A is better than choosing an alternative y from an opportunity set B. Within this framework, we identify a consequentialist and a non-consequentialist, who show contrasting attitudes toward alternatives vis-à-vis opportunities. This paper characterizes these attitudes in terms of some axioms, whereas the companion paper explores the implications of these concepts in the context of social choice theory à la Arrow.
|Date of creation:||Dec 2000|
|Note:||Revised Version: March 31, 2000|
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- Amartya Sen, 1997.
"Maximization and the Act of Choice,"
Econometric Society, vol. 65(4), pages 745-780, July.
- Sen, A., 1996. "Maximisation and the Act of Choice," Papers 270, Banca Italia - Servizio di Studi.
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- Sen, Amartya, 1993. "Markets and Freedoms: Achievements and Limitations of the Market Mechanism in Promoting Individual Freedoms," Oxford Economic Papers, Oxford University Press, vol. 45(4), pages 519-541, October.
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- Sen, Amartya, 1988. "Freedom of choice : Concept and content," European Economic Review, Elsevier, vol. 32(2-3), pages 269-294, March.
- Sen, Amartya K, 1979. "Personal Utilities and Public Judgements: Or What's Wrong with Welfare Economics?," Economic Journal, Royal Economic Society, vol. 89(355), pages 537-558, September. Full references (including those not matched with items on IDEAS)
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