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Contemporary Procedural Utility and Hume’s Early Idea of Utility

Shiri Cohen Kaminitz ()
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Shiri Cohen Kaminitz: The Hebrew University of Jerusalem

Journal of Happiness Studies, 2019, vol. 20, issue 1, No 15, 269-282

Abstract: Abstract An appealing concept developed by economists in contemporary happiness studies is that of procedural utility: people’s tendency to value the processes that lead to outcomes in addition to the outcomes themselves. This paper identifies David Hume as an early forerunner of a very similar idea. Moreover, it demonstrates just how Hume used this idea to justify the very idea of commerce. The significance of this is twofold: demonstrating just how Hume is a forerunner of the later concept on the individual level (micro-level), but also pointing to a different approach to the concept of utility on the social level.

Keywords: Procedural utility; David Hume; Happiness; History of ideas (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s10902-017-9943-1

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