Social Decisions without Social Preferences

Robert Dorfman
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Robert Dorfman: Harvard University

Chapter 6 in Planning and Market Relations, 1971, pp 117-129 from Palgrave Macmillan

Abstract: Abstract One of the most sacred foundations of economic reasoning is that decisions are a reflection and implementation of preferences. Consumers ’ decisions reveal ‘revealed preference ’. Business decisions are intended to maximise profits because businessmen prefer higher profits to lower. All decisions are intended to obtain the more preferred in lieu of the less preferred.

Keywords: Interest Group; Social Choice; Social Preference; Winning Coalition; Market Relation (search for similar items in EconPapers)
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15410-4_9

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DOI: 10.1007/978-1-349-15410-4_9

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