Titlebook: Economics as Applied Ethics; Fact and Value in Ec Wilfred Beckerman Textbook 2017Latest edition The Editor(s) (if applicable) and The Autho

Systemic

CHASE

Fact and Value in Personal Choices been described as ‘the logic of choice’. Values conflict at both the personal and the public level. At the personal level people are constantly making choices in their daily lives. Life is one long trade-off. Even simple things like choosing which vegetables go best with whatever else we are eatin

滲透

How to Make ‘Bad’ Choicesren – rationally pursue their own interests. But a casual observation of the state of the world suggests that, in fact, most people . either lunatics or children, so this does not leave us with a large class of people whose choices are to be respected.

王得到

DAMN

Utilitarianism: The Search for an Overriding Valueons can be confirmed or refuted by facts. But value judgements cannot, though the value judgements that people hold are often influenced by them. But if they are not based on factual evidence, on what are they based? This chapter discusses what is one of the most widespread and compelling moral theo

吞沒

Utilitarianism and Its Constraintst in the basic mathematics of economic theory, where they soon encounter the notion of ‘constrained maximisation’. For this corresponds to fundamental concepts in economics, such as the notion that consumers maximise something that we shall call utility (for old times’ sake and for want of a better

Notorious

向下五度才偏

Well-Being and Happiness a means by which he can procure more pleasure. In other words it had purely instrumental value to him. And this is no doubt the case for everybody except for a few fetishists who may worship money for its own sake. For many decades now it has been generally assumed that the intrinsic value to which

煩人

體貼

The Price of Lifee weighed up ‘…the whips and scorns of time, the pangs of despized love, the laws delay’, and so on, against the fear of the awful experiences one might have when one has ‘shuffled off this mortal coil’. But he did not try to put a monetary value on the components of his balance sheet.