On the Theory of Human Decisions in the Age of "beneficial globalization"

Katalin Martinás () and Ádám Kerényi
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Katalin Martinás: Loránd Eötvös University
Ádám Kerényi: Institute of Finances and International Economic Relations, Faculty of Economics and Business Administration, University of Szeged

Interdisciplinary Description of Complex Systems - scientific journal, 2010, vol. 8, issue 2, 70-80

Abstract: The globalisation is a complex phenomenon with many advantageous and disadvantageous consequences. In this paper we investigate the linkage between globalised market economy and the happiness through the ethical implications of the greatest happiness principle in a system approach. We also investigate the terms of the beneficial globalisation. Our proposition is that: the main condition of the good globalisation should be Bentham's principle: the greatest happiness for the greatest number and the United States Declaration of Independence's famous phrase pursuit of happiness. We face the following problem: the globalization assures - due to its Nature - the growth of Z, which is the marketed part of the globalization, but not the total happiness. The main question in political philosophy is: What do we need to do in order to live together well? In complex approach, based on the wealth increase law we take into account the parameters, which will be changed by the human decisions (i) as well as the long-term expectations, which are motivating the decisions themselves (ii). Factors (i) are the followings: material goods, money, parameters of human physiology (e.g. health), psychology (knowledge), sociology (e.g. friends, power). These quantities are measurable in principle, i.e. they can be mapped into the set of real numbers. The changes are exchanges between two agents or with the nature, and there is production/consumption inside the agent.

Keywords: globalisation; decision theory; greatest happiness principle (search for similar items in EconPapers)
JEL-codes: B59 C65 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:zna:indecs:v:8:y:2010:i:2:p:70-80

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