Cultural Values and Social Planning: A Control Theory Approach to Satisfying a Social Welfare Criterion

A. Frank Thompson

American Journal of Economics and Sociology, 1980, vol. 39, issue 2, 199-199

Abstract: Abstract. A method of social planning is presented which can be used to fulfill a social welfare criterion with normative values. The purpose is to show how a social welfare model which includes cultural norms can be optimized using classical control theory. Current literature stresses the importance of incorporating social indicators in welfare economics. Given a social welfare function which actively includes a hierarchy of cultural values, control theory can be used to set social policy to reach social goals. The approach is to define a set of desired cultural norms at some future time and then determine the social policy necessary to reach this state. Control theory is used to find the social plan consistent with attaining the set of desired values.

Date: 1980
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