Welfare, preferences and the reconstruction of desires
Manfred Joseph Holler
International Journal of Social Economics, 2015, vol. 42, issue 5, pages 447-458
Purpose - – The purpose of this paper is to propose a model that relates the desire for justice with welfare. Design/methodology/approach - – The point of departure, elaborated in the first part of the paper, is the observation that we have no sense-organs for experiencing welfare and the experiences of happiness being, in general, transient if they emerge at all. Desires drive our behavior and motivate our decisions. The author will analyze conditions so that desires can be related to welfare, making use of results of social choice theory. There is some (technical) similarity between aggregating individual preferences and editing (“reconstruction”) desires. Findings - – In special cases, desires are well ordered and can be represented by preference orderings, ready for deriving “rational choices.” However, desires may be circular. Then, of course, the satisfaction of a particular desire will never trigger happiness because there is always a “higher valued” (or “more prominent”) desire unsatisfied. In these cases, desires and welfare cannot be matched. However, there are social desires, such as the desire for justice (as fairness), that can have welfare-enhancing consequences if satisfied even when private desires are circular, as desires for justice contain a social component. Originality/value - – This issue will be elaborated in the second part of the paper using a formal model, borrowed from Fehr and Schmidt (1999), in order to illustrate the underlying reasoning.
Keywords: Utility; Rational choice; Social choice; History of political economic thought; Welfare economics; Philosophy of economics (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.emeraldinsight.com/10.1108/IJSE-02-2014 ... RePEc&WT.mc_id=RePEc (text/html)
Access to full text is restricted to subscribers
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:eme:ijsepp:v:42:y:2015:i:5:p:447-458
Ordering information: This journal article can be ordered from
Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
Access Statistics for this article
International Journal of Social Economics is currently edited by Dr Colin Tyler and James Connelly
More articles in International Journal of Social Economics from Emerald Group Publishing
Series data maintained by Virginia Chapman ().