Values in Welfare economics

Antoinette Baujard

No 2112, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: This chapter focuses on the inner rationale and consequences of four different archetypal positions regarding how ethical and political values are tackled in welfare economics. Welfare economics is standardly associated with the welfarist framework, for which social welfare is based on individual utility only. Beyond this, we distinguish the value-neutrality claim – for which ethical values should be and are out of the scope of welfare economics –, the value confinement ideal – for which ethical values are acceptable if they are minimal and consensual–, the transparency requirement – for which any ethical values may be acceptable in the welfare economics framework if explicit and formalized –, and the entanglement claim – which challenges the very possibility of demarcation between facts and values.

Keywords: Welfare economics; facts and values; value judgement; welfarism; transparency; demarcation; normative and positive; neutrality (search for similar items in EconPapers)
JEL-codes: B41 D60 D63 (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-hpe and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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ftp://ftp.gate.cnrs.fr/RePEc/2021/2112.pdf (application/pdf)

Related works:
Working Paper: Values in Welfare Economics (2021)
Working Paper: Values in Welfare economics (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:2112

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