The Metric of Opportunity

Robert Sudgen

Economics and Philosophy, 1998, vol. 14, issue 2, 307-337

Abstract: There is a long tradition in economics of evaluating social arrangements by the extent to which individuals' preferences are satisfied. This is the tradition of welfarism, which has developed from nineteenth-century utilitarianism. Increasingly, however, the presumption that preference-satisfaction is the appropriate standard for evaluating social arrangements is being challenged by an alternative view: that we should focus on the set of opportunities open to each individual.

Date: 1998
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