A Methodological Assessment of Multiple Utility Frameworks

Economics and Philosophy 5 (2):189 (1989)
Abstract
One of the fundamental components of the concept of economic rationality is that preference orderings are “complete,” i.e., that all alternative actions an economic agent can take are comparable. The idea that all actions can be ranked may be called the single utility assumption. The attractiveness of this assumption is considerable. It would be hard to fathom what choice among alternatives means if the available alternatives cannot be ranked by the chooser in some way. In addition, the efficiency criterion makes sense only if one can infer that an individual's choice reflects the best, in expected welfare terms, among all choices that individual could have made. The possibility that a rearrangement of resources could make someone “better off” without making others “worse off” can be understood only if the post-rearrangement world is comparable with the pre-rearrange-ment world
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DOI 10.1017/S0266267100002388
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References found in this work BETA
Freedom of the Will and the Concept of a Person.Harry G. Frankfurt - 1971 - Journal of Philosophy 68 (1):5-20.
Principia Ethica.G. E. Moore - 1903 - Dover Publications.
Trust and Antitrust.Annette Baier - 1986 - Ethics 96 (2):231-260.
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Citations of this work BETA
A Critique of Instrumental Reason in Economics.Hamish Stewart - 1995 - Economics and Philosophy 11 (1):57.
The Futility of Multiple Utility.Timothy J. Brennan - 1993 - Economics and Philosophy 9 (1):155.
The Utility of Multiple Utility: A Comment on Brennan.Mark A. Lutz - 1993 - Economics and Philosophy 9 (1):145.
Markets, Information, and Benevolence.Timothy J. Brennan - 1994 - Economics and Philosophy 10 (2):151.

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