The Moral Theory of Value; A Gift Lemma

Adil Ahmad Mughal

MPRA Paper from University Library of Munich, Germany

Abstract: Aside from the calculating and always troublesome utilitarian ethic, a moral theory of value can better serve as a desirable form of the veil of ignorance analogy on the part of the arbitration of allocation procedures. Philosopher Soren Kierkegaard suggested a 'moral absolute' that achieves a 'teleological suspension of the ethical'. This suspension or the veil of ignorance can be formulated as a randomization of allocation procedures across agents in a given preference space; such that, a truly self-interested gain is unpriced and therefore a true gift, that is, a gift without an obligation.

Keywords: Moral value; self-interest; the gift; invariance of domain; social preferences; unpriced preferences (search for similar items in EconPapers)
JEL-codes: B4 C0 C70 C78 C9 D6 (search for similar items in EconPapers)
Date: 2022-09
New Economics Papers: this item is included in nep-hme, nep-hpe and nep-upt
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