Returning to Whether All the Different Kinds of Well-Being Are Commensurable and Whether All the Different Bearers of WB Are Comparable

Edward Morey ()

Chapter Chapter 7 in Deconstructing Behavior, Choice, and Well-being, 2023, pp 215-250 from Springer

Abstract: Abstract Philosophers, environmental ethicists, ecological economists, and regular Joes believe some bearers of WB are not comparable, and some kinds of WB are not commensurable. But economists reject this: comparability and commensurability are pillars of neoclassical choice theory and welfare economics. Incomplete commensurability implies incomplete comparability, and the latter implies that the ordering of paths is incomplete. Ordering can appear intransitive, and many compensating and equivalent variations are undefined. I express the implications of incomplete WB-commensurability and outline arguments one must defend against if one needs to defend complete WB-commensurability. You get to decide.

Keywords: Bearers-of-Well-being; Incomparability; Well-being incommensurability (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-36712-0_7

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DOI: 10.1007/978-3-031-36712-0_7

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