Social Values and Individual Choices
Jose Encarnacion
No 198204, UP School of Economics Discussion Papers from University of the Philippines School of Economics
Abstract:
This paper sketches a theory of social choice based on a lexicographic ordering of multiple social values that can be pursued to greater or lesser degrees. Distinctions are made among the following concepts: (a) the vector-valued social decision, which results from individual choices regarding its components; (b) the social choice, which calls the compliance by the members of society with the social decision; and (c) social welfare judgements, which apply to situations where individual choices violate the social choice. A resolution of the Sen-Gibbard libertarian paradox follows from the theory.
Date: 1982-04
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Published as UPSE Discussion Paper No. 1982-04, April 1982
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